Hi all — at the very least, I’m hoping this allows me to vent juuust a little bit. My partner and I are in Florida, and we’ve been dealing with this hot real estate market all year. After a couple of months, we found a house — a new build! — but dumped it ASAP once the inspector told us it was the worst new build he’s seen in his career. That house was taken off market and hasn’t been seen since.
After that heartbreak, we found another new build and, eventually, our under-list offer was accepted under an FHA loan. The appraisal came in somewhat low, though the sellers agreed to meet us halfway between the appraised value and the purchase price. That was early April, we’re now set to close in early May.
A day before closing, we were informed there was a lien on the property that the seller needed to deal with. Super. The seller wished to extend closing by a month into June. When the seller, apparently, learned how or was able to pay off the lien, they asked last week — and we accepted — to delay closing another month into July. In just the past few days, we were told the lien has been resolved and closing can happen soon!
That was until we were just given notice the seller wished to cancel their end of the deal (the property no longer appears in the MLS listings) and — this may be the other way around from what our realtor told us — was let go by their agent for acting unethically. The seller wants to re-list the house at a higher price to apparently grow their profit on the house given the lien situation. Our realtor is gathering all communications, our contract, etc., and plans to speak with her broker and real estate attorney first thing Monday.
So… the seller is totally in the wrong here, right? Just a cursory glance at similar posts on Reddit about sellers backing out gives me hope there could be some recourse, at the very least, damages… but we want the house. Given the conversations that will be had Monday, is there any other advice or something I could do in the meantime?