The downside is that when that exciting news changes for the worst, you have to go back and tell all your friends that something has changed and the news is no longer good.
Today is one of those days where we have to amend previously good news. Yep, our buyer pulled out of the house contract just a few days before due diligence was over. Our realtor has spoken at length with the buyer's agent about the situation. We're all disappointed. Apparently the buyer (a single woman) got cold feet and became increasingly nervous about what responsibilities are associated with being a home owner. Our agent even asked, "If we were to do everything your client wanted us to do, would the deal go through?" The answer was a hesitant, "maybe." That meant (in our agent's eyes and in our eyes) that very little could convince this lady to stick with the deal. Our realtor told the buyer's agent (in as professional of a way as possible) that maybe this woman needs a townhouse or condo if she doesn't want to deal with regular house upkeep. Our home is, afterall, in great shape.
- The obvious, "yep, we have to find another buyer"
- Our house was basically off the market for a week and a half (time that could have been used for additional showings)
- Our inspection went well
- The inspection showed a few minor things that we can fix before the next buyer comes along
- We are better versed in what can happen in this process (it's not all predictable)