Contract fell through on first deal

[Traci Cameron]

Finally had found a deal on an off market property. The number worked, made offer, offer accepted, set to close August 10th. Here’s where things went downhill... When I made the offer, tenants were still in the house. As part of the contract, I stated tenants had to be gone (non issue), stainless steel appliances stay, yard debris needed to be cleared out (looked like Sanford and son...). Tenants moved out and destroyed the place. Not too big of a deal as I would be rehabbing anyway. But, they also took the appliances and busted up the deck with a baseball bat as they left. Seller refuses to replace appliances even though it’s in our contract and will not repair deck. In lieu of appliances and deck repair I said I would drop price to 59,500 (was $62k), their choice. They said no to both. Since I’m still within inspection period, all parties agree it’s best to terminate contract. I get the email document to withdraw this morning only to find my agent stated me backing out due to electrical box issue (there was no issue) instead of the truth. Advice? Do I leave it be? This sucks.

[Russell Brazil]

Id suggest you are standing in your own way. A set of 4 appliances from Best Buy you can usually get for  less than $2k.  And just replace the damaged wood for about $4 a board.