I think there is some confusion.
Here is a timeline
5/28 - Me and Seller sign a contract and the Option period begins. Actually, we were in agreement on Memorial Day but the seller waits 3 days to get the contract to me. Those who follow the Stock Market and Bonds will understand how much money the Seller cost me by waiting 3 days to get the contract to me on a Thursday of that week as the Market was spooked on Wednsday 5/27, and Interest Rates moved 4-5 basis points and went into the 5s for the first time in months. According to Bankrate.com, the average is now near the 6s.
5/29 - House is inspected and the inspector tells me and my Real Estate Agent that the seller left a few moments earlier to pick up the keys to his new house they closed on. So the Seller closed on his house toward the end of May
6/1 or 6/2 - My Real Estate Agent is at the house letting some contractors see the property and the Seller's wife let him know that she wasn't happy with the house they just closed on. Everytime she goes over there she gets bitten by something and the house isn't move-in ready.
6/4 - While in the office of my Homeowner's Insurance Agent, my Real Estate Agent informs me that the Sellers want to know if they can stay in the house a couple of months after Closing to get there house ready. They would pay the mortgage for July, August and September, if I agreed to let them stay. I told my Real Estate Agent it was fine. However, a few hours later I did some research and even went to Cowboyszone and asked what people thought about this. Also, the Option period is set to expire Saturday, so we extended it to the following Friday so they could get repairs done that was found in during the Inspection.
6/12 - While I am heading to the property to get some contract bids, my Real Estate Agent informs me that the Seller has lost his job and doesn't want to sell.
So as you can see, they have been costing me money from the very beginning. I know people on here remember me complaining about being stuck with 5%. That was because I could have gotten 4.75%, maybe 4.5% if the Seller hadn't waited 3 days to get the contract to me.
I don't care that he lost his job, he and his wife will be moving into their new house, which is worth $100,000 more than the one they have
.
However, I seriously doubt he lost his job.
...hater...