All Forum Posts by: Lokesh W.

The listing agent asked to sign the counter immediately!

Yes, seller's attorney wants $600.

Yes, I don't know what to call him other than agent but I know he is not a buyer agent for me. I wanted to do a property inspection and asked for date and time to do that to which he responded a day later by saying the attorney wanted $600.

Rob K, I made offers on 2 properties. The bank owned property had a lot of activity and they did not get back to me after 7 days. I wanted move forward with the property that I now rejected but I like the bank owned property better so when I heard from the bank, I decided to go with it.

CJ F, I spoke to the attorney's colleague. I am waiting for my attorney.

Rob K, My realtor wants this to be over so we all can move on. I am thinking of getting a property inspection, which I can do for less than $250 and then reject.

J Scott, Yes, I left a VM for my attorney. I signed the standard contract. I asked the agent if I am legally required to pay the $600 and he replied by asking me to talk to the attorney.

Ibrahim S, there is no attorney review period. In fact, my offer was countered by adding additional addendum about financing for property and the realtor asked me sign that immediately.

I may have misunderstood your question. I submitted the offer to the listing agent. I am dealing with listing agent only.

Hi Marie,

Thanks for your responses. Yes, I read the contract and it is the standard purchase contract that I am aware of. I could ask the realtor to pull out a particular line in the contract that shows that I owe something if I don't pay the earnest money.

I feel really bad about this and am embarrased as well but I don't think I should be paying $600....

That's what I thought - when you don't pay the earnest money, the contract is null and void.

The seller had rejected another offer 2 weeks before I made an offer. I am not aware of any dual listing. The realtor mentioned to me that there is another offer coming in but if mine is accepted, then the other offer will only be a backup offer (i.e. my offer will take precedence).

The contract does not say anything about this. The addendums are only related to lead paint disclosure, "as is" offer etc. - most of them are the usual RE purchase agreements.

I wanted to do the inspection and I mentioned the possible dates that the property inspector had the availability but the realtor replied by saying that there is no need to do the inspection instead pay the attorney fee or $600. The inspection would have cost me $350.

BTW, what happens if someone does not pay the earnest money? Is there a fine for this? Does the purchase contract say there is a fine for this?