Finally got a call from the realtor today. She informed me that the buyer has run into another road block. It seems that her bank is now requesting that she apply again and this time her husband's name must be on the paperwork. This will require another 2 week extension. Well, guess what? I refused to sign another extension.
The realtor then informed me that there is another interested party who will be a cash sale client and has said that he would offer more than the price agreed upon with the current buyer. So once the current extension expires on Friday, this new person will make his offer and I will take it from there.
So this is good news and maybe for the best that the current buyer has had so many problems with the purchase. Now I will get a little more money for the property which makes me very happy as I felt really cheated at the agreed upon price on the current deal. A loss of $30,000 would make anyone feel cheated but I felt that the market was so bad that I had better take what I could get. It's funny how your gut tells you what your brain won't. I wanted to back out of this deal a long time ago and take my chances but I was afraid to do so. Now I'm not.
Grand Isle, LA
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