Asked by Jessiepenick, New York, NY • Mon May 27, 2013
I'm a week from closing and am being told that after a horrific experience with our selling agent, not only will we make absolutely nothing on the house, we actually will go into debt! We were never given the proceeds estimate sheet when we put our house on the market. I had asked how much closing costs came to and was told "3000-3500". I didn't realize that wasn't both buyer and seller. My agent held onto my prequal letter for 6 weeks before telling me he had it, in the meantime the house I was looking at sold. I was left with purchasing a home similar to my own but more expensive, or moving across the country to live with family. Now I have five kids packed up and no where to go! I want out of my contract but the broker threatened to sue me for full commission and warned that the buyer will too. This is my first selling experience and I don't feel that my agent provided the information I needed to make a good financial decision. Is there anything I can do?
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