Buyers back out of buying their Valencia CA Dream home, and you won’t believe why

    We have never lost a home buyers deposit. Never, ever. That is because we explain to our home buyers how the EMD, earnest money deposit, works. Real Estate is all about time frames. Not the “last minute changes to”, but the “pre contractually agreed” time frames.

    There is no guessing in real estate. A Buyer has a certain amount of days to do “such and such”. If the home buyer needs more time they can ask the seller. Ask in writing and the seller can respond, in writing. No verbal is recognized by either party or shouldn’t be. You don’t have to respond with hostility or offensively.

    You can just say so there aren’t any misunderstandings. I appreciate what you are willing to do for us, we definitely want this to be documented so the future generations can learn from your kind actions. šŸ™‚ – something like that.

    That presentation makes the record and causes a certain degree of calmness within each party.

    I’m sure you have heard the old saying, “When it rains, it pours”. That is nowhere any truer than in real estate. With escrows that cancel daily all across the United States, we thought we would share some of the local reasons why buyers cancel escrow.

    Recently we had a Valencia CA home buyer cancel becauseĀ she discovered her X husband was dating the neighbor. My Valencia CA buyer has a restraining order against her X which states she is not to be within 500′ of him. Living next door would violateĀ that restraining order. So hence verification that our “door knocking” ritual is critical to the home buying process. You should have seen the look on his face when he opened the door – priceless!

    Another homebuyer had an event outside of their control. This cancellation came after what had been revealed first by the home inspector and secondly our push to have the seller fill out some omitted items contained on their disclosures.

    Without the estimated ‘timeframe’ of the home inspector, I would not have had the proper timeframes to reference with the home seller through their agent. After I did my investigations, I figured out we would ask for a modification to the disclosures the home seller had completed.

    Whether they “purposely” omitted the information, or simply forgot, still remains a mystery. However, I find out that most of the time it’s an error of omission due to not remembering. With all that goes on with most lives, we have a lot to remember, as did this home seller.

    After being confronted, the seller was apologetic and “in their version” came directly to Jesus without passing go.

    Another document that we push for, now a buyer expense, is a CLUE report. C.L.U.E.Ā Comprehensive Loss Underwriting Exchange is something that used to be a seller requirement. Simply, the buyer’s insurance agent can pull the data simple and for free.

    That was the “proof” we needed to see why the mold was within the walls behind the kitchen sink and why the home inspector’s moisture sensing tool lit up like a Christmas tree.

    The seller did not want to fix the issue, stating they already had. The timeframe of the plumbing company coming out to remediate the “notĀ repaired” leak and the mold abatement was not conduciveĀ to the home buyer waiting.

    The buyer wall well within their right to cancel and to move along to another Valencia CA home, which they did. As you can see, it’s not all the falt of the home seller, when Valencia CA homes fall out of escrow. Sometimes a third party, hired to do a job, is to blame. And this “blame” sometimes comes years later as an accidental discovery.

    I’m Connor MacIvor with REMAX of Valencia. I’m glad to be of great Real Estate service to you and yours when it comes to Valencia CA real estate and homes.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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