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Updated almost 8 years ago on . Most recent reply

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127
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Kay March
  • Gainesville, FL
21
Votes |
127
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Should I sue this buyer?

Kay March
  • Gainesville, FL
Posted

Selling a SFH. Buyer's agent told me today that the buyer can't proceed because of a low appraisal on her own home, which killed a sale. The buyer's agent is talking about an appraisal so low that it's completely unbelievable, and he won't respond when I ask to see the appraisal. I'm thinking of suing the buyer for her deposit. Has anyone else been in this situation?

Most Popular Reply

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23,418
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13,512
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,512
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23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

It’s simple.....if the buyers house did not actually sell due to Any reason, she has the right to cancel her contract with you.  What part of that do you Not understand?  You’re just shooting yourself in the foot with this.  Anyone will just laugh at at you if you threaten them with any action.  You’re just wasting time if you want to wait until their contract passes their closing date. 

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