Quote:
Originally Posted by cKy
We had a conditional sale on our house (in Victoria) 2 weeks ago. They made an offer on Friday afternoon. We countered Friday night and they accepted that Friday night.
We had scheduled open houses on that Saturday and Sunday. People who came into the Saturday showing were told there was an accepted offer. I suspect we lost some walkthroughs based on the offer.
Come Sunday, the offer was pulled by the potential buyer. Basically nothing we could do. We had already cancelled the Sunday OH by that time, so it was a waste of an entire weekend. The fact there is no recourse is garbage. It wasn't a banking issue (as they are obvs closed on weekends) so the reason for pulling out is unknown.
We suspect the buyer put in an offer or 2 on other houses to see which one they can get cheaper, and when the dust settled they took another deal and cancelled ours. Could never prove that though.
I think there should be a deposit included in the offer that the sellers get if the buyer backs out for any reason that isnt getting the finances from the bank.
Incredibly frustrating.
|
Feel bad for you and hope you find another buyer soon, but you never should have canceled the Sunday open house.
The deal isn't done until it's done, and getting back up interest and even backup offers in place is an important part of the agent's job during the subject period.