this post was submitted on 14 Aug 2023
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I won a bid on a house, finally WON a bid, and signed the paperwork and house went into pending.
But then because the seller realtor made a "mistake" and they managed to get another bid before we could get attorney approval letters filled out. So suddenly another offer came through and the seller realtor had a responsibility "in the interest of fairness" to present this offer even though contracts were already signed. In the interest of fairness they gave us the opportunity to outbid this offer, but of course they wouldnt tell us what that offer was to get an opportunity to potentially match it or just give up.
And in 3 fun days I got the ups and downs of anticipation of getting an answer, the emotional high of finally winning a bid and getting a house, the hype from planning inspection dates and imaging where I can go from house and how I can make it my own, the excitement and joy in telling the people, then the dread of not knowing if I'll be able to keep the house, and finally the anger and sadness from having this fucking shark take my house away right out of my hands.
I'm staying positive I know we'll find something, but this market is killing me.
I don’t know what jurisdiction you’re in, and even though I’m a lawyer, I’m not your lawyer, and this isn’t legal advice, and I have never seen your contract,
buuut…
I would get some legal advice from a real estate or professional negligence lawyer in your jurisdiction if I were you. That situation has the stink of contract breach / negligent realtor all over it.
Technically we still have a few days signing to get the attorney approval or rejection letter sent out. All theyre doing is having their attorney issue the rejection letter. So there really isnt much we can do on our end.
We could try and force them to honor to contract or at least get some compensation for the shady dealings, but it wouldnt be worth the cost or energy, especially when it's unlikely to yield any fruit.
All I can do is hope karma gets them, and that the same kind of shady buyer that does stuff like this is going to be a predator when it comes to negotiating after inspection is done. "based on insert typical stuff I think Im going to have to drop my offer to 10k under asking price".
I will keep an eye on this deal to see how things roll, and I will try to resist the urge to egg the house on the regular.