Wednesday, February 07, 2007

Smooth sailing, not so much!

It all began Saturday afternoon with a call from our Columbus realtor. "Lindsey" had received a reply from the sellers regarding our request to remedy unsatisfactory conditions the home inspection discovered. There were 8 items of concern and the inspectors took it upon themselves to correct 1 of the items, 6 others were what the sellers called "handyman" fixes and the last issue deals with the furnace carbon monoxide return vent. A very serious issue. Well, the sellers, who are already flustered because they're losing money on the sale, said they'll have the furnace looked at and extend a $200 credit at closing because the rest of the remedies are "just handyman fixes that the buyers can complete."

Here's where a little background info is needed. The sellers, Rodrick and Billy, were one of the first people to pick out their lot and buy a house from the developers. They had a ton of extras built into the house and as expected, they paid for it big time. Eight years later they want to sell the house. The first time they had the house on the market for 216 days with no takers. They lowered their asking price and had it up only 13 days when we made them an offer. As with everything, we did our homework and our bid turned out to be exactly the same as the appraisal and to the sellers dismay, was $10,000.00 less than they paid 8 years ago. Just as we expected they countered. Their counter offer was only $500.00 (and $4500.00 more than the appraised value of the house) less than their asking price with the option to back out if they received a better offer within 48 hours. We accepted their counter offer and the folks who looked at the house that Monday afternoon didn't make an offer, so the contract was drawn up and signatures all around. We thought the next 4 weeks would be smooth sailing.

After 3 hours of back and forth over the furnace, handyman fixes and me in tears, Nick took control of the situation. Let me tell you, it takes a lot to anger Nick and this pushed him to the line. He took the next call from the realtor and told her all other offers were off the table and we wanted a receipt for the furnace repair and a check for $750.00 at closing, that was our final offer and if they declined we're walking away from the deal. Nick explained that we were already paying $4500.00 to much for the house and if they don't have a check, not a credit, at closing "they could put the house where the sun don't shine." Lindsey agreed, she reminded the buyers how we agreed to all their previous demands and we had no problem getting a "handyman" for the other issues but we're not budging on the furnace problem. A receipt and a $750.00 check, for the handymen we have to hire, is expected at closing. Once they were aware of the appraisal, Rodrick and Billy realised this was the best they were going to get and agreed to our final contract stipulations.

I can't tell you when I've worked with such uncooperative people. Either they want to sell the house or they don't, it's that simple. To put icing on the cake, Columbus has what they call "round table" closings. The buyers and sellers, along with their realtors, meet to sign the closing papers with a mortgage representative to answer any questions should they arise. When Lindsey told us about the closing details Nick and I promised her we would be on our best behavior and not embarrass her in front of these people. That was the first time she laughed in 2 days.

Hopefully, this will be last bump in the road on our way to Columbus.

6 comments:

Nickc said...

Hon...you detailed the experiance perfectly! I can't wait until we are together all of the time down here. I'll see you soon...Friday can't come quick enough!

Staci6 said...

Damn! This is the typical "when is seems to good to be true it usually is" (price and selling) situation however UNLIKE most of those situations, you two came out on top!
You are so truly blessed and again, I am so happy for you!
Love you guys...miss you too!
(hint hint to the closest of you two! lol)

janice said...

Thanks Stacey, we are Blessed!

Give me a call, I saw you were home Monday, then I remembered you're not Nicks assistant anymore!

I can't wait until all this is just a fading memory and I'm in Obetz.

Christina said...

Janice,

Sorry things aren't going veryh smoothly at the moment. The last "little" negotiations and details are enough to drive anyone nuts. I'm glad that you had your husband to help out when things got overwhelming. I know you're probably like me and try to handle things on your own as much as possible, but sometimes those good guys come in handy!

Hang in there and keep your eye on the prize. You'll be in my thoughts and prayers.

janice said...

You are so right Christina. I know Nick has to be sharp for his new job so I do try to handle as much of the details as I can.

Saturday was just to much for me to take. Sometimes having a "good guy" around to emphasize the point makes all the difference.

I thank God everyday Nick was brought to Christopher and me.

janice said...

And another thing, thank you so much for your prayers. Sometimes I feel that it's those prayers that help me through the tough spots.

Is Andrew still looking to change jobs?