Hi There are a lot of factors potentially involved.
1) The unit maybe over priced.
2)Subletting and pets could be a factor
3)Lastly The Flip Tax maybe to High
4) Always use a local Broker that knows the area
I hope this was helpful
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Hello, let me be straight forward with you so you understand. The only way your parents will be held responsible for any fees the buyer will want to be refunded for is if your parents and the seller have both signed a contract. If the contract is signed and the buyer has begun to spend money such as for inspections, appraisals, mortgage applications fees, and legal fees then your parents can be held accountable to reimburse the buyers.
Now if there is no contract at all then your parents can pull their home off the market even if they have accepted an offer in New York and will not have any financial responsiblility to the buyer.
I'm not exactly sure of the entire story and all the details, but this answer should help you.
Full Time Top Sales Agent
Specializing in Co-ops and Home Sales
Weichert Realtors, H.P Greenfield
Brooklyn, NY 11203