Just one more piece of evidence that proves the people selling this house are crazy: Last week DH and I are grocery shopping and he gets a phone call. It's our agent relaying a message from the seller's agent. They have had a day or two to let our final offer sink in after all the crazy appraisal stuff went down. We said we would give them as much as the bank would lend us, basically the appraisal price, and we would take care of all closing costs and take the house "as is." Our agent, who really knows his shit and knew that something was shady about the selling agent/sellers from the get-go said they are crazy not to take that, and if they don't they just don't want to sell.
They said they would be willing to come down to 20 grand below the price we originally agreed on, and that they would "finance a separate loan for us" (um....you'll what?) for $30,000 to make up the difference. If you're ready to scream and run for the hills, that is the correct reaction. Yes, apparently they think this is possible. (and now, when banks are not lending of all times they seem to think that a mortgage and 30 grand loan are things banks are just giving away) They also seem to think that we are stupid enough to be underwater before the ink is even dry on the papers. Your house is not worth that goddamn much, what will it take for you to get that through your heads?! DH thinks maybe another lender and appraisal is the way to go, and I'm almost in the same boat. At this point as sad as I am to see the house go I'd be just as happy to be rid of the nutcases failing to sell it to us.

We'll see. Hopefully I will have better things to report in my next post.
OMG! RUN AWAY! RUN FAR AWAY!!
ReplyDeleteIf they're that crazy, I would like to know what else they were hiding!
I would also like to know why your agent let you put in an offer that so far over fair market value. Didn't they pull comps?