Sick and tired of these sellers

Been under contract for 40 days. FHA loan through a state DPA program. The sellers of the home have been a pain to get them to sign anything, respond to the seller, and just generally for laxed approach to this process.

I’ve been on top of everything and we recently just got back our appraisal. It came $20k under the listed price. The sellers first agreed to the new price point with all the same contingencies over the phone with my realtor but of course, they take a week to sign anything and this week they want to re-negotiate because they have “other buyers”.

They wanted $5k out of pocket for that difference, but later came back saying they also want to cancel the seller credit.

The new appraisal is still $20k over what they originally asked for but these hoops they want me to go through and just ask all their demands is making me frustrated. At this point, I don’t have the extra money they want without taking out from my 401k (which I don’t want to). Would anyone advise this given the market? I really doubt they have other buyers that aren’t also FHA in my market. The house has also been out of the market for month so I’m not sure if it’s in their best interest to start over.

submitted by /u/EmperorMing101
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Been under contract for 40 days. FHA loan through a state DPA program. The sellers of the home have been a pain to get them to sign anything, respond to the seller, and just generally for laxed approach to this process. I’ve been on top of everything and we recently just got back our appraisal. It came $20k under the listed price. The sellers first agreed to the new price point with all the same contingencies over the phone with my realtor but of course, they take a week to sign anything and this week they want to re-negotiate because they have “other buyers”. They wanted $5k out of pocket for that difference, but later came back saying they also want to cancel the seller credit. The new appraisal is still $20k over what they originally asked for but these hoops they want me to go through and just ask all their demands is making me frustrated. At this point, I don’t have the extra money they want without taking out from my 401k (which I don’t want to). Would anyone advise this given the market? I really doubt they have other buyers that aren’t also FHA in my market. The house has also been out of the market for month so I’m not sure if it’s in their best interest to start over. submitted by /u/EmperorMing101 [link] [comments]

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