Asked by Mary Smith, Hawthorne, CA • Sat Jun 15, 2013
I am in escrow with a buyer who will pay all cash after the sale of his house. The buyer promised 10 days to remove the inspection contingency. When that date past, I issued a notice to perform. The buyer submitted a request for repair that same day for work totally about $8000 . He was aware of the needed repairs before making the offer, but found it was going to be more expense to do improvements to the house than he expected.
I have a backup offer from a well qualified buyer for $6000 more than I agreed to with the original buyer. The back up buyers reviewed the inspection report and are willing to stick with the original offer (they REALLY want the house.) The back up buyers have a large down payment and are approved for a loan much larger than needed to buy my house. I'm a week away from closing. What would you do?
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