[WA Seller] Agent left key stipulation out of purchase agreement, and is now asking us to pay it

Just signed a mutual with a buyer for the sale of our house. In our area, there is a county utility development cost that is paid by the owner of a property over a period of several years. Apparently, as a condition of the buyer putting in a better offer, they want us to pay off this charge (currently about $10k which normally conveys with the property until fully paid off via monthly installments – I do not know why they didnt just offer $10k less). This point was NOT included anywhere in the purchase agreement that we signed, and was not communicated to us by our agent until today, a day after the agreement was signed. We have not yet received earnest money from the seller, which is due tomorrow.

What is the best course of action here? Our agent has fully admitted it was his mistake/oversight and has been very apologetic, but is asking us to agree to pay off the amount. We are a bit peeved, but do not want to tank the sale (especially as we do not yet have the earnest money). We are considering asking the agent to cover this fee out of his commission (nearly $50k – so he has cushion to do this), but are not sure if there is a standard remediation here. We can also offer to split the fee, but obviously would prefer the agent fully cover it.

People of Reddit – what would you do in this situation? Are we crazy to consider asking the agent to cover this as it was his admitted miss?

submitted by /u/jgilbs
[link] [comments]

Just signed a mutual with a buyer for the sale of our house. In our area, there is a county utility development cost that is paid by the owner of a property over a period of several years. Apparently, as a condition of the buyer putting in a better offer, they want us to pay off this charge (currently about $10k which normally conveys with the property until fully paid off via monthly installments – I do not know why they didnt just offer $10k less). This point was NOT included anywhere in the purchase agreement that we signed, and was not communicated to us by our agent until today, a day after the agreement was signed. We have not yet received earnest money from the seller, which is due tomorrow. What is the best course of action here? Our agent has fully admitted it was his mistake/oversight and has been very apologetic, but is asking us to agree to pay off the amount. We are a bit peeved, but do not want to tank the sale (especially as we do not yet have the earnest money). We are considering asking the agent to cover this fee out of his commission (nearly $50k – so he has cushion to do this), but are not sure if there is a standard remediation here. We can also offer to split the fee, but obviously would prefer the agent fully cover it. People of Reddit – what would you do in this situation? Are we crazy to consider asking the agent to cover this as it was his admitted miss? submitted by /u/jgilbs [link] [comments]

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