When VA Tells You They Accepted Your
Offer But Then They Want To Go Back On What They Accepted
Has anyone
else witness this before. There is a foreclosed home listed at $140,000 for 139
days. So my client and I find a house that he loves and it’s in a great
neighborhood. We did start the bid a little low. We were $10,000 under asking
price and VA wasn’t paying the survey, title policy, and only 3% of closing
cost. VA counter back at full price and only 3% closing cost.
The listing
agent told me we could either accept or counter. I told him we were doing neither
and that we have to keep looking for a house. So, two days pass and the agent
calls me and tells me VA Asset Manager has decided to accept our offer. We just
needed to put it in writing and sign everything. All of this was on a Thursday
evening. By Monday morning (Presidents Day) we had all of the paperwork signed
and sent to the listing agent. I also called him to tell him I’ve sent him the
paperwork. I believe he took the day off so he was out of the office. I called
him Tuesday to make sure he received the paperwork and he said he has to check
and that he has been very busy.
So later that
day he calls me and tells me VA asset manager must have made a decision too
fast, because they can’t justify that price. So I’m absolutely disappointed to
say the least and we have to start looking all over again. The listing agent
said something to the effect that he needed to get them some comps. My client
already told me he wasn’t going to pay any more than the survey, title, the remainder
of the closing cost and nothing more than that. I already knew any higher price wasn’t going
to work for my client. So, I’m waiting and asking other agents if they have
ever witness anything like this before. I call the listing agent again to get
more clarity and he says to me, “Hope they are fine. They accepted everything.
I sent them some more comps and It’s fine”. He said it like nothing ever
happened. I went through all of that for nothing. It’s good I didn’t tell my
client that entire stressful scenario. I needed my clarification first before I
sent that energy in another direction.
Long story
short is what wasn’t going to be is now going to be. Soon to be contracted and
sold!
Write back
and tell me what you think.
