All Forum Posts by: Austin Hughes

The agent's priority is to get the deal done so they can get their commission. Anything that could rock the boat is against THEIR best interest, so he's just trying to protect his deal.

I would be inclined to do the same thing, but I think you have to pick your battles. That said, maybe as a compromise you could approach your agent about having the buyer sign an addendum to the contract agreeing to a hard deadline at the 12 day mark and if they don't make it THEN they will have to pay holding costs. This way you aren't being a jerk, but are also not being walked on and you're offering a fair compromise.

Can the buyers buy you and your partner dinner for the inconvenience?

@Michael Hayworth I like the way you think.

 I do, lol thanks. I enjoy it very much. We just strive to provide as much value as BiggerPockets does!

did you have the contingency for overages set before this happened? or are you just trying to capitalize on a small delay in closing?

delay in closings happen all the freaking time, don't let it get you wound up. Keep your eyes on the long game, the big win.

As mentioned above, you asking them to reimburse ends up being a counter offer to your previous deal.  If they had any cold feet this would be their chance to walk.

When you get to this stage of the transaction the lenders, realtors, etc will try to do anything to make it close.  They have put quite a bit of time into it and don't want to lose their paycheck.  This is where you always wonder who's best interest they have in mind in however this amount is minimal and they are doing you a favor by not presenting a counter offer.  If you pushed him hard enough the realtors would probably take it out of their commissions but you would burn a bridge or two on the way.

Don't count your money before it is in your pocket.  Right now you have a liability sitting there and unless the market has improved it will cost you more to punt this transaction.

@Austin Hughes I personally don't think that $400 is worth the risk of them walking away and getting $0.

Torpedo a deal over $400??!!

Sorry, not trying to be a jerk, but suck it up buttercup. It’s part of the game we are playing.

 It is not something I would do personally.  If a client asked me to do it for them, Id explain to them the risks, and when it inevitably blew up Id just shrug my shoulders.  Youve probably have a 20% chance of them agreeing to it,  a 30% chance of just pissing them off but nothing happens, and probably a 50% chance of it blowing up from some means you havnt thought about.