‘Good riddance!’: Homesteader selling property tries to work with entitled buyers, but agreement falls through, potential owners still fraudulently use that address as their own

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  • "Real Estate Transaction 'gone south'"

    So, we were working to sell our house back in June of this year. We had the house on the market for a number of months but was also using it as an airbnb.
  • When we came to the conclusion of pulling it off the market and relooking at our options, a buyer came out of the wood work.
  • I outlined to my realtor that I wanted to pull it off the market, and only if the sale was uncomplicated would I consider it.
  • While the contract wasn't completely without contingencies we made the decision to accept the offer.
  • And then came nightmare after nightmare. The property is a homestead property. It has a barn, and while living there I had installed temporary fencing.
  • We also have a tractor. The buyers were from a city. This was the first sign of uh oh these buyers are a touch entitled.
  • When my realtor asked if in exchange for the tractor would they allow me to take our temporary fencing, the buyer came back and said they wanted both to stay.
  • After talking with my realtor I said fine and moved on.
  • Next, the buyers had a $20,000 inspection clause. Aka if they found issues that amounted to over $20,000 of repairs then we could negotiate or they could cancel their contract.
  • They found there was $500-$1500 worth of issues. And decided to try and negotiate again.
  • We said um, no. Thats not how this works, and moved on.
  • Next was their house sale contingency. They were required to sell their house to purchase ours. They had 30 days to get their house under contract.
  • Their first sale fell through so they reduced the price, received a second bid "which was as good as gold" and wouldn't you know, the second contract fell through.
  • After verbally telling us they would reduce the sale, we agreed to stay in contract.
  • Hindsight, they never reduced the price, and to this day their house is STILL NOT UNDER CONTRACT.
  • In addition, we agreed we would consider an early occupancy agreement. Now mind you, early occupancy is NOT a rental agreement.
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  • It is saying you will OCCUPY the home BEFORE you purchase it, but will plan to purchase it.
  • They are incredibly risky on the sellers because you are betting on them to purchase your property.
  • It's a similarly scenario of you going to a dealership and saying, I want to buy this car, but Id like to test drive it for 2 weeks before hand.
  • Or really, I want to take ownership of this car, but will drive it for 2 weeks before I pay you the money to actually own it.
  • To summarize, the buyers were not willing to have a contingency date on the early occupancy to sell their home.
  • They wanted to use our house for the FORESEEABLE future. And they wanted to pay $600 LESS than our mortgage.
  • We said no, but also understood the pickle they were in and said, pay our mortgage and lets escalate every 3 or 6 MONTH rent
  • AND maintain the property (as if it was theirs) and their deposit would become non refundable if they decided they didn't or couldn't purchase our property.
  • They came back and said no. So at the end of the day our purchase and sales agreement was cancelled (good riddance).
  • Well, to our surprise, we started receiving mail with our previous buyers name on it... AND they used OUR address to post on OUR COMMUNITIES FORUM
  • asking if there was anyone willing to rent to them because they were in a bind.
  • So, after reporting the post, replying to the post with details of our experience, I decided it was probably best to notify the school district, post office AND dmv of the fraudulent use of our address.
  • And now, we wait.

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