Every Seller's WORST Nightmare Sued for $10,000 Without Even Closing!

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  • Опубликовано: 28 сен 2024

Комментарии • 1,1 тыс.

  • @KatiSpaniak
    @KatiSpaniak  5 месяцев назад +3

    *Thinking about selling your home in the next 5 years. Join my Ready! Set! Sell! Masterclass and find out all the ways to prepare your home to maximize your profit!* bit.ly/TLH-PIN

  • @mgtowski395
    @mgtowski395 7 месяцев назад +366

    #1 Rule: Don't engage with difficult people

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +26

      Red flags for sure!

    • @monkeybusiness1999
      @monkeybusiness1999 7 месяцев назад +29

      Agree. I once walked away from a very difficult demanding buyer offering $112K for my house & no more - because the kitchen countertops weren't granite & the roof was older. (Beautiful spotless white counters; no roof leaks - just not "new".) This when the market in my n'hood averaged $135-$140K, granite or no granite; older roof; new roof.
      I did accept the next offer, though, from someone else shortly thereafter at $134K. Best to walk away before accepting a troublesome offer, than after.

    • @wobbuffetbuffet
      @wobbuffetbuffet 7 месяцев назад +24

      This. When we sold our first home and got an offer with any requests for changes to the home we just rejected their offer.
      If they want to repaint one room soon they'll want new carpet and so on. Really it is if you give a mouse a cookie sort of thing.

    • @andreamichelle1
      @andreamichelle1 7 месяцев назад +16

      True! We were almost scammed by difficult buyers and their realtor. They were making up problems. Turned out, they were trying to drive the price down. I don't know how the appraiser was involved, but he used comps outside of our neighborhood and from homes that were way older-fortunately we had our own done beforehand and it was a $25k difference. They were so greedy, their agent sent over a signed amended contract, which voided the original agreement, this is ultimately how we were able to legally terminate it.

    • @5400bowen
      @5400bowen 7 месяцев назад +6

      Number one rule in life!

  • @BrokeDadProductions
    @BrokeDadProductions 7 месяцев назад +223

    I bet the buyers were seasoned professionals at this sham.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +4

      I think they were!! I'm hosting a live Q&A today at 4:30 CST to answer all of the questions if you want to join! ruclips.net/user/livenBdRPDaAr5Y

    • @lizzieb6311
      @lizzieb6311 7 месяцев назад +9

      My thoughts exactly…one must wonder how many Sellers fell victim to,these scam artists

  • @kathrynp7595
    @kathrynp7595 7 месяцев назад +214

    We had a cash offer on the table but the buyers were so nasty and difficult to work with, asking for every single item on the inspection to be done including changing a lightbulb that we just told them we wouldn’t sell them our house, to much of a hassle. It was a multiple bid situation so we just went with an offer that was slightly less money but were a pleasure to work with.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +21

      So important to work with people you like!

    • @jjman533
      @jjman533 7 месяцев назад +26

      Good for you. Been there and done that. I had someone look at my house 3 separate times. They then gave me a lowball 100K below listing price offer. I then told my agent to not even respond to them and not sell to them at ANY PRICE. I eventually sold it to another person at my listing price a week later.

    • @rheahorvath9274
      @rheahorvath9274 7 месяцев назад

      ​@@jjman533 Good for you!!!!!

    • @agayoso27
      @agayoso27 7 месяцев назад +7

      Peace of mind is priceless

    • @integr8er66
      @integr8er66 7 месяцев назад +13

      Probably did your old neighbors a huge service by doing so

  • @barbarabyrne2639
    @barbarabyrne2639 7 месяцев назад +40

    We were the couple this happened to. Come to find out these people had a history of doing things like that. We fired the agent who was representing us and hired Kati. She sold our house in 2 weeks for $25,000 more than our previous offer.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +4

      Good thing you knew me!! What comes around goes around!!

    • @delanorrosey4730
      @delanorrosey4730 6 месяцев назад +2

      Why not countersue the "buyers" and demand they pay for repairs they demanded and/or lock them into the deal where they can't back out?
      The $5,000 earnest pay seems like chicken feed the scam buyers were more than willing to put up to get back $10,000.
      Instead, the new more honest buyers got stuck paying an extra $25,000 they shouldn't have.

  • @timothygorman2846
    @timothygorman2846 7 месяцев назад +76

    The thing to learn here is to stop the deal much, much earlier in the process when dealing with people so clearly not acting in good faith.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      for sure!! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @hsmd4533
    @hsmd4533 7 месяцев назад +404

    This almost sounds like the buyers were looking for a reason to scam the sellers.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +37

      That is what it seemed like... and they won.

    • @dismurrart6648
      @dismurrart6648 7 месяцев назад +10

      That's what it seems like to me

    • @hsmd4533
      @hsmd4533 7 месяцев назад +15

      @@KatiSpaniak I’d love your opinion on whether it ever makes sense to walk away from a deal before closing (as a seller) when the buyers are that difficult?

    • @OldmanJM
      @OldmanJM 7 месяцев назад +4

      The amount of money they got was not worth the effort, but as the lady said, they were emotional about it, and could not let it go.

    • @norxgirl1
      @norxgirl1 7 месяцев назад +44

      Exactly!!! Con artists from the get go ...
      Having a family lawyer in your back pocket on contingency??? How many other people have they done this to? Bet that "family lawyer" got a piece of the pie as well.....really needs to be investigated!!!!

  • @byronhaley1566
    @byronhaley1566 7 месяцев назад +88

    Counter-sue for harassment and extortion for way more than $10k. Name the “buyer” and their lawyer personally.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +10

      I like this!

    • @5400bowen
      @5400bowen 7 месяцев назад +3

      @@KatiSpaniakyeah, caught not giving good advice, yet some random Utube viewer did. Busted.! Why, pray tell, miss realty expert, why did you not offer this super obvious advice? Because realtors are know nothing leeches. They could care less. I was in banking and mortgages for 8 years, and construction for 10. Realtors are trash. Period. Out of about 100 I worked with , 2 were decent. The rest would sell their grandmother for a Beemer with leather seats. Fact.

    • @2Jeezuzisreal
      @2Jeezuzisreal 7 месяцев назад

      ​ I always believed large groups of smart people would bypass realtors and go straight to the seller. After all anyone can put up there own listing on the "homes for sale" multi list. Isn't that true.? Especially poor people like first buyers and newlyweds.

    • @5400bowen
      @5400bowen 7 месяцев назад +1

      @@2Jeezuzisreal try to find out how to get on the MLS without a realtor. They make all of it as difficult as possible without flat abolishing it, and of course it is as easy as possible for realtors.

    • @denisecampbell8648
      @denisecampbell8648 7 месяцев назад

      But if the sellers sued the buyers & their agent then is a vicious cycle of stress and negativity which impacts not only them but the collective ( much as snarky comments on RUclips videos can bring down the whole collective)

  • @chiplangowski3298
    @chiplangowski3298 7 месяцев назад +44

    It sounds like it was obvious that these were difficult buyers from day one. If it were me, as soon as the first red flag popped up, I would have told them that I would accept 100% of the asking price with the house selling "as is" (except any safety concerns). In other words, force the buyer to walk away. This sounds like a scam on the buyer's part from the start.

    • @norxgirl1
      @norxgirl1 7 месяцев назад +6

      Yes!!! A set up for sure ....

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      I think so! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @Vieweratlarge
    @Vieweratlarge 7 месяцев назад +14

    This is such sage advice. We had spurious buyers who were dragging us behind the bus during escrow process and asking for money concessions at ever turn. Our home was and is well maintained and the inspection reports pristine. Finally we quit giving them credits each time they “called out an item” and asked for additional credits. We finally told our Realtor, not a penny more. He had a conniption fit. He became abusive about insisting we concede. So we blew up the time clock on the last ‘ask’ thereby vitiating the purchase contract. We were so glad to not only be rid of these grifter like buyers, but the a-hole Realtor as well. We decided to stay in our home and are still here enjoying it to this day!

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +2

      I always believe things are meant to be with a home!! Thanks for sharing!

  • @glendabanta4832
    @glendabanta4832 7 месяцев назад +55

    We had buyers who tried to renegotiate the price the day of closing without any just cause. They simply had cold feet. Thankfully in Texas, the law protects sellers in this situation and their agent pulled them aside and explained that we could sue them if they didn't go through with the closing. It happens. We've bought and sold a lot of houses and learned quickly that if buyers are difficult right out of the gate, it is best to move on at the first opportunity and not work with them.

    • @kenbagwell8551
      @kenbagwell8551 7 месяцев назад +3

      Thank you! And it's good to know the laws of your state or have an Attorney.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +5

      The sellers considered that but were willing to re list the house and avoid attorney fees. They certainly didn't realize that the buyers could sue them. Ridiculous.

    • @OldmanJM
      @OldmanJM 7 месяцев назад +2

      Luckily when I sold my las house my realtor identified the bad buyer quick, and we dumped them like a hot potato. So many demands, I wondered why they even made and offer. The people that actually bought it, made reasonable demands and went through with it with no problems.

  • @MerchMacher
    @MerchMacher 7 месяцев назад +22

    Why wouldn't they list the house As Is? And wouldn't that negate demands like this

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +2

      Great question. I've had a lot of the same ones. I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @M22Research
    @M22Research 7 месяцев назад +15

    Our parents had a similar sale where the buyer’s brother was the kind of attorney who gives attorneys a bad name.
    (The buyer’s agent, a longtime supposed good “friend” of our mother, already knew - due to that “friendship” my parents were under pressure to sell and clearly shared and used that info with the buyer.)
    The buyer dragged our parents over the coals at every stage - in the initial purchase agreement, the inspection process, even after the inspection list was completely addressed, demanding a price redux, and at closing, demanding yet another price redux for no good reason.
    In a better situation/market, our parents would have killed the sale.
    The payback - it is a small town and word got around, trashing the reputation the buyer’s agent… and when the buyer went to do major renovations due to his new infirmity, all the area contractors black-listed him.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +6

      I do believe what comes around goes around!!!

  • @johndubose1395
    @johndubose1395 7 месяцев назад +24

    If I was sued like this I would sue every one involved.

  • @staller3887
    @staller3887 6 месяцев назад +5

    I was creating a document for selling my home and I used the word newer on my major appliances. I looked up everything, removed newer, and put the exact year. Great advice, Thanks

  • @theczar6171
    @theczar6171 7 месяцев назад +16

    That’s actually funny I went through that with someone. So I stopped the sale. Told the real estate agent cancel I reject the entire offer. Turned around and change the price. Went up 20,000. Marked it as is no repairs. Sold To someone else. Comically I got 5000 more. Unreal what people will deal with. Personally you ask for too much you as a seller should immediately back out. From my experience , personal

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      Great story! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @zinnburban
    @zinnburban 7 месяцев назад +22

    They should of gave them back the earnest money, that was the problem. I, as a seller, ran into the same thing, and the buyers were going to put a lien on my property, so I could not sell it. I just gave them their earnest money back and all was good. They got bad advise from their agents.

    • @Cdlzzl
      @Cdlzzl 7 месяцев назад +6

      Why the hell do they have to give it back. They said they were $5000 in earnest in wanting to buy the home. They saw the home they made the offer. Then they broke there offer /contract. The sellers had to de list thier house to entertain someone who even after seeing the house didn't want to buy. The sellers should have kept it.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      Good comment! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      That's how I felt! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

    • @megalodon1726
      @megalodon1726 7 месяцев назад +8

      @@Cdlzzl they don't have to give it back, but keeping it can end up costing more in attorney's fees than the amount of the earnest money. Sometimes it's just not worth it to keep it.

  • @cindy_lou_loves_to_stitch
    @cindy_lou_loves_to_stitch 7 месяцев назад +19

    Unbelievable! And such ashame...I hope the sellers hear about the karma that will come along for those lousy buyers!

  • @atassaro
    @atassaro 7 месяцев назад +6

    5:09 I was a realtor for 26 years. I've seen many closings where the buyers would be trying to squeeze the sellers out of money right up until the last second.
    I could write a book about my experiences.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Yep! I see this ALL THE TIME!

  • @bingo7799
    @bingo7799 7 месяцев назад +11

    Who could have guesses that someone would really care how old the windows are. You look at them and decide if they are adequate. In an older home things are constantly getting replaced or upgraded throughout the years.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      Truth!! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

    • @citticat2
      @citticat2 7 месяцев назад

      Because double-pane windows don't last and the older they are the more likely they will blow, fill with gas, and fog up.

  • @KA-mq4wj
    @KA-mq4wj 7 месяцев назад +7

    I’m about to sell my home and this is a scary tale. With my luck I’ll probably get the same kind of buyer! Ughhh
    Thank you for warning us.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +3

      Just watch for red flags!

  • @wobbuffetbuffet
    @wobbuffetbuffet 7 месяцев назад +11

    As soon as the people suing came forward willing to "settle" that means their legal advice was to because they weren't going to win.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      That's probably true! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @jeant7361
    @jeant7361 7 месяцев назад +7

    If I were the seller I think I would be doing some checking to see how many times the "buyers" have done this and also look up the lawyer's cases too. Because this sounds like a scam they got going....

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +2

      I'm sure it was a few times!!!

  • @Tinkercatnh
    @Tinkercatnh 7 месяцев назад +3

    When the buyers of our ny house kept demanding a lower price for this idem and that idem, we told them the deal is over. We will relist the house for $50,000 more and sell it in less then a week.

  • @lesskinner8588
    @lesskinner8588 7 месяцев назад +8

    Sell 'as is' and that's it.
    No need to mention ages of anything specifically.
    I would have sent their solicitor a letter saying that if they proceed past this very point in time with this frivolous claim, you will be countersuing for all costs, your solicitor costs, every single legal cost, every single minute you need to spend compiling your case and attend court hearings etc.
    Then do that.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +2

      As-is doesn't really prevent this. I've had lots of questions about this. I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @isabellaflorentina7574
    @isabellaflorentina7574 7 месяцев назад +9

    A lot of homes being sold in the past 5 years have been quick flips. People have literally charged double the price of a home a month after buy8ng it and slapping on a coat of paint. If these buyers had enough motive and energy to taje this all the way to court, and the headache that goes with it, i guarantee you there is more to this story than is being told here.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      More than happy to share more!! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @samanthaabreu782
    @samanthaabreu782 7 месяцев назад +4

    I dont know in US, but in my country a suit like this would be called BS very quickly and the buyer could receive a fine for abusing the system

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Not in the US!!

    • @travelnomad2128
      @travelnomad2128 7 месяцев назад

      Only in America, the sue country of the world!! Moronic judges!!

  • @monkeybusiness1999
    @monkeybusiness1999 7 месяцев назад +3

    Sellers can also say, "I'm not sure". (eg how old the roof is.) Esp if the home has been bought & sold multiple times. Let the buyer's home inspector tell them what's what. In fact, isn't that the point of a home inspection? To clarify potential problems like aging windows & air leaks, before home closing?
    I don't know, this case, but if a buyer refuses to have an inspection done, then that's their fault - not the seller's. Regardless, this sounds scammy as heck.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад +1

      Yes. Great point. I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @mazzith
    @mazzith 7 месяцев назад +2

    100% do a final walk through. I bought a house in Michigan while living in Washington state this in Feb 24. We did our inspection earlier, didn’t drive a hard bargain because we loved the location and the property. 3 prior to close there was a cold snap and I didn’t know the furnace broke. After we closed we found out the pipes froze and were looking at $8000 in repairs that wasn’t expected. Sellers ghosted us in our request to see if they can file a insurnace claim with their prior insurer. We might have to sue them sadly.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      I am SO sorry this happened!! I hate to say it but, yes, you always need to do a final walk through right before closing for this exact situation. Literally.. this is what I tell people when they ask why they need to have a final walk through. Ugh. So sorry!!!

  • @peter2liter
    @peter2liter 7 месяцев назад +4

    So lemme get this straight, buyer plunks down $5k in earnest money, finds out seller misrepresented or made misleading descriptions about some minor details about the property (in writing), buyer now wants a discount (or money to remedy the misrepresentation), seller refuses to play ball or give earnest money back at closing date. Yep, sounds like the buyer actually had a valid legal claim for damages. Seller should have just returned the earnest money to the buyer and washed their hands of them.

    • @Cdlzzl
      @Cdlzzl 7 месяцев назад +1

      Saying something is newer isn't fraud. Windows have a lifespan of 100 years. 8 years old windows are definitely newer than 20 year old windows. Was it the newer type of windows. Calm down people are sue happy and when you have a ambulance chaser lawer for an uncle who sees nothing but dollar signs. It's a shakedown

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Hindsight is 20/20

  • @jahouser6273
    @jahouser6273 7 месяцев назад +8

    Seems like when writing up a contract, writing in “as is” could possibly keep the nickel and dimeing from happening. When I sold, suddenly I was asked to do this and that. I did what was asked in order to move the transaction along in a timely manner

    • @Jersey1971
      @Jersey1971 7 месяцев назад +1

      Exactly when I sell my home I'm going to repair the bare-assed minimum to sell it
      As is or nothing

    • @WilC379
      @WilC379 7 месяцев назад +1

      Is this situation the issue wasn't any contingency, it was that the buyer claimed the seller misrepresented the age of the windows. If the contract says the windows were replaced in 2016, but they were actually replaced in 2009, that could be an issue for some people and it does open the door for this issue to arise. If they simply said "newer windows" as this video implies, that's up to interpretation and they likely would have lost the lawsuit if it went to trial.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      I've had a lot of these questions. I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Ok!

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Yep! Agreed! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @michellewinkler3985
    @michellewinkler3985 6 месяцев назад +1

    People are nuts! After we sold our house the couple kept calling us and our agent wanting to know why they weren't getting their mail and that "we stole it"! How could we steal it if we didn't live there anymore! Absolutely nuts!

  • @erinmorrow5001
    @erinmorrow5001 7 месяцев назад +2

    Seen this type of scam before....in Houston. If they start nitpicking ....tell them to walk. Also, as-is is the best disclaimer to put in the contract.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      It happens everywhere! Check out my video where I dive more into as-is ruclips.net/user/live2jCrZerBJqg?feature=share

  • @MuzixMaker
    @MuzixMaker 7 месяцев назад +13

    8 year old windows aren’t “newer”. I think the realtor has some liability here for advertising that. The buyer sounds like an “investor” or a member of certain ethnic groups that are known to be “difficult.” I wouldn’t sell to anyone who wasn’t going to live in the house. I’d countersue for vexatious litigation.

    • @BlowmoldGuy123
      @BlowmoldGuy123 7 месяцев назад

      You are a mo ron

    • @joshm3342
      @joshm3342 7 месяцев назад +2

      I think the use of "newer" is not helpful. Could mean "newer than house"? In this story, it sounded like the sellers verbally gave age of windows from memory, which the buyers took literally. I like "AS-IS, buyer may inspect, take it or leave it".

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @YakMotley
    @YakMotley 7 месяцев назад +1

    Interesting. I saw this happen once over a Pac man arcade game, another time over a plane ticket. If you got money you can do a lot of things to people. Wild.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Yep. Or a cousin who is an attorney!

  • @linmurray436
    @linmurray436 6 месяцев назад +1

    I learned a long time ago to not provide any paperwork I might have regarding anything in a home I'm selling. On the disclosure I am honest to the best of my ability, let the buyer do their due diligence and make their own choices.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад +1

      Good thinking! Thanks for commenting

  • @Goodie2shoes-lb9jf
    @Goodie2shoes-lb9jf 3 месяца назад

    That's why honest disclosures are so important.

  • @TMccrury
    @TMccrury 7 месяцев назад +1

    I've learned to walk away from difficult people in negotiations. Also, for the buyers, life has a way of exacting it's revenge for stuff like this.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      TRUTH! Thanks for your comment!

  • @PAHighlander24
    @PAHighlander24 7 месяцев назад +2

    The buyers would have found another issue to fight for the $10k. I sold a house nearly30 yrs ago and the buyers tried to get a large reduction for lots of minor cosmetic issues their inspector wrote up on a 50 yr old house. Fortunately my attorney protected my by having a clause in the contract that limited my exposure to major structural, electrical and plumbing & heating deficiencies, and in the case of structural or electrical issues a licensed engineer report would be required at the buyer’s cost. They and their attorney hadn’t disputed the clause during the 3-day attorney review period, so they got nothing off the contract price. Back then it was all too common for buyers to try to get $10k-$20k knocked off a $200k house because of lots of minor deficiencies in the inspection report. A friend had the same problem on his house sale but he fixed all the items himself, which pissed off his buyers but couldn’t do anything about it.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Thank you for your comment. I'm glad you were able to get that worked out

  • @lonniebeal6032
    @lonniebeal6032 7 месяцев назад +2

    Sad any judge would go for this.

  • @TheMcCartneyTeam
    @TheMcCartneyTeam 7 месяцев назад +1

    This is a very good video. Most things that I see regarding real estate glamorize the industry which doesn’t give the general population the understanding of what we really do and the litigious nature of our society which also impacts brokers and agents. Nice job 👍🏻

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Thanks so much! I appreciate the comment!

  • @reformcongress
    @reformcongress 7 месяцев назад

    The buyers should be charged with extortion and fraud. That's what it is.

  • @terismith4307
    @terismith4307 7 месяцев назад +1

    I went through something similar and oh, my!

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      I'm sorry you had to go through that, but you are not alone!

  • @seamusoreilly804
    @seamusoreilly804 7 месяцев назад +2

    I wonder if those “buyers” are busy setting some one else up?

  • @seanfiggins4241
    @seanfiggins4241 7 месяцев назад +1

    What I learned from this transaction is that it's better to burn your house than sell it.

  • @1tomatera
    @1tomatera 7 месяцев назад

    As a prior agent I used a similar saying when emotions were getting out of control and potentially blowing up the closing. I would say ‘what’s it worth to you to move on with the rest of your life?’ They would weigh getting even against moving on with their plans.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Truth! Most agents know that emotions can get strong and in the way. Thanks for your comment!

  • @bdp8986
    @bdp8986 6 месяцев назад

    I assure you those "buyers" had this same scheme going with multiple people simultaneously!

  • @marthajean50
    @marthajean50 4 месяца назад

    Thanks for relaying the cautionary tale. Important and helpful!

    • @KatiSpaniak
      @KatiSpaniak  4 месяца назад

      I'm glad you found it helpful!

  • @thecontinental8978
    @thecontinental8978 6 месяцев назад

    When the was buying my house my inspector found a couple of minor things to fix and the seller wrote a nasty note about how he had buyers that showed up after us and he didn’t have to sell to us and he couldn’t believe the list etc. I really didn’t care about the letter as long as he showed up to settlement. Later found out he inherited the house and a couple of fixes he did weren’t finished.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      I'm sorry you had to go through that! Thank you for commenting!

  • @ml3110
    @ml3110 6 месяцев назад

    Our justice system is so messed up! 🤮

  • @althunder4269
    @althunder4269 7 месяцев назад +1

    Don't say or declare anything. House is sold "as is". What you see is what you get. The buyer can do their own inspection.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      In Illinois that's not actually what as-is means... Lots of questions about this. I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @dogface7966
    @dogface7966 7 месяцев назад

    After the deal the headlines of the local newspapers “Buyers get robbed of $10k after deal with sellers. Police say no connection has been made so far”

  • @phillhuddleston9445
    @phillhuddleston9445 7 месяцев назад +1

    If I were the sellers I would have responded to their proposed settlement by saying "OK, we will accept your $10,000 settlement, this is wise of you because when the judge hears about this frivolous lawsuit you have filed not only will you have to pay my countersuit for punitive and emotional damages but my attorneys fees as well and we were prepared to fight this as long as it takes, I want a check within one week or we will refuse this settlement and take it to court!"

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Well... I don't think they had the stamina to continue... It was very painful.

  • @JT.526
    @JT.526 7 месяцев назад

    My #1 rule when dealing with property exchange is if someone threatens to sue you and a deal goes bust, sue them first. Typically it's not hard to find a reason for it. It will work out better versus having to drag it out and countersue later. You can usually agree to a settlement for no exchange of money on either side, but they must agree the issue is close and sign paperwork preventing any further litigation and pay attorney fees. Also, never use terms like "newer," always use exact dates in contracts for zero chance of ambiguous interpretation. Though 8 years old in window terms is definitely newer.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Go on the offensive! I like that!! Here is a follow up video I did on this if you are interested. ruclips.net/video/pzjYsf7sWVQ/видео.htmlsi=ePqxrxoOOSQ33j5g

  • @brendaw.7597
    @brendaw.7597 7 месяцев назад +2

    Obviously, the would-be buyers are very dishonest people and have most likely done this very thing multiple times before. Your advice to list the actual ages of things in or associated with the house, or not list any age at all if you don’t know is the best advice. We just have entirely too many dishonest people in this country to leave any opportunities for immortal people like the shakedown-buyers in this case to further their attempts to capitalize off of you. Better yet, your advice to walk away from potential problems by “difficult” buyers who are hostile and/or demanding is the safest way to go period. When people show you who and what they are, believe them.

    • @sunlite9759
      @sunlite9759 7 месяцев назад

      If the buyers want to know how old the windows are they are not serious buyers.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      That's the truth!! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @abbibrannan333
    @abbibrannan333 4 месяца назад

    Dear Katy, I have had people try to shake me down. And in both of these, "Don't Get Sued!" videos we have those evil doers out there looking for the low hanging fruit and shaking the tree to see how much they can grab easy or maybe go for the whole tree. That is the mentality of those folks. Unfortunately there are quite a few out there and as times get tighter and they are, some of us may have to change our biz structure? not sure. This video is very scary!!!

    • @KatiSpaniak
      @KatiSpaniak  3 месяца назад

      Great stories to tell though!!

  • @jobyden105
    @jobyden105 7 месяцев назад

    There are ways of dealing with people like this... trust me, I know.

  • @theowl3756
    @theowl3756 6 месяцев назад +1

    All of this confusion is unnecessary, because if the seller's agent and his lawyer are smart enough, the property should be sold "As Is". And the buyer can go fly a kite if he decide he finds something he wants to be changed.

  • @kens.3729
    @kens.3729 7 месяцев назад +1

    It Sounds Exactly Like Extortion. Now the Sellers need to Turn Around and Sue the Buyers for Extortion which is Against Federal Law. 🤪👎

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      I wish they would have!!

  • @LA70S
    @LA70S 7 месяцев назад +2

    Sounds like scammers. Shouldn't the home inspector be npmakingvthe calls between ne and newer?

  • @LaylaDSmith
    @LaylaDSmith 6 месяцев назад

    And they said, "oh, wait, thats wrong, $15k, cause you kept our $5k earnest money too".

  • @2Jeezuzisreal
    @2Jeezuzisreal 7 месяцев назад

    We didnt use realtors. We just didn't see the point in paying a realtor especially on an older home that unfortunately needing repairs especially if it was built before 1960 and it still had wooden windows and old plumbing old electrical. I just don't understand how the market can bare these higher prices on older homes.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Some people can sell without an agent! Good for you!!

  • @cathyh1680
    @cathyh1680 3 месяца назад

    This is why I refused contract offers from buyers that I even sensed trouble from regardless of what price they were willing to pay, and that stunned some people because all they care about is the price but my motto is to get a good 'contract' and that might even mean selling for a bit less or not at all if the agent starts up with something weird I won't enter into any contract with an agent not communicating properly only willing to text message etc.

    • @KatiSpaniak
      @KatiSpaniak  3 месяца назад +1

      Totally get where you're coming from! Contracts can be tricky, but it's better to be safe than sorry, right?

    • @cathyh1680
      @cathyh1680 3 месяца назад

      @@KatiSpaniak yes, definitely.

  • @xyngchic
    @xyngchic 7 месяцев назад

    Some people are ridiculous. The buyers were looking for a pay out.

  • @OldDocSilver
    @OldDocSilver 7 месяцев назад

    Counter sue. It goes before a judge and it’s his word against yours. Let a judge decide.

  • @joegibson6041
    @joegibson6041 7 месяцев назад

    If I didn’t force myself on meeting the seller my place would not have sold. Realtors want to keep control to justify being paid too much. That career is going bye bye.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Well, not sure it will be going bye bye. However, it is definitely changing. Here is a follow up video I did on this if you are interested. ruclips.net/video/pzjYsf7sWVQ/видео.htmlsi=ePqxrxoOOSQ33j5g

  • @Starfish2145
    @Starfish2145 7 месяцев назад

    Threatening to sue the sellers, under the circumstances, sounds like extortion.

  • @irvingsantiago6701
    @irvingsantiago6701 7 месяцев назад

    Selling homes have turned into yard sale negotiations. Now every step must be documented communications to keep both sides on a level negotiations table. As it been said, "no ticket no laundry. " or" This isn't no willy nilly pop stand sale." There are big dollar negotiations here!

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      That's the truth! I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @rgarri6396
    @rgarri6396 7 месяцев назад +1

    Great idea, sell as is no warrant! You buy as is or get out!

  • @Nikki-T
    @Nikki-T 6 месяцев назад

    Don’t try that in Texas

  • @Tee19691
    @Tee19691 7 месяцев назад

    Where was the sellers realtor in all of this If the buyers exhibited so many red flags before entering into the contract? Why didn't the realtor inform sellers that potential buyers to not acknowledge the offer?

    • @KatiSpaniak
      @KatiSpaniak  5 месяцев назад +1

      That's not how it works. Agents have no control over what offer the sellers accept. And we are required to present all offers.

  • @mariapepe2429
    @mariapepe2429 7 месяцев назад

    I feel I'm seeing houses sold "as is" for this very reason, so no one can complain about the condition of a specific item.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Yep! Check out this video ruclips.net/user/live2jCrZerBJqg?feature=share

  • @mapache_del_sur
    @mapache_del_sur 7 месяцев назад

    Did they basically sue to get the escrow money back? That’s what it kinda seems like. The seller did say they would keep the escrow money. Sounds like a sketchy situation and very stressful.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад +1

      Thanks for your comment! Definitely stressful!

  • @karlynmcneely5198
    @karlynmcneely5198 7 месяцев назад

    IMPORTANT BUYER INFORMATION IN NORTH CAROLINA
    Due Diligence is the fee that is retained by the Seller, even if the Buyer terminates the contract, except in rare instances, explained below. Buyers often ask, "what if we discover that repairs are needed the home during the diligence period and the Seller does not want to make the repairs, or the repairs seem too costly, can't I get my money back?" The short answer is NO. The Seller is not obligated to make repairs, but keep in mind that both Sellers and Buyers are typically motivated to close on the home and therefore, repair negotiations can be common.

  • @steveolive9991
    @steveolive9991 7 месяцев назад

    When you sell your home and it is vacant, have there been any issues with squatters moving into the house in the Chicago suburbs? If so, how to prevent this situation from happening?

    • @KatiSpaniak
      @KatiSpaniak  5 месяцев назад

      So I haven't personally seen this in Illinois. But I wouldn't be surprised if it's coming

  • @dattape2828
    @dattape2828 7 месяцев назад

    Wrong wrong wrong. Fight to the end.

  • @vincentrockel1149
    @vincentrockel1149 7 месяцев назад

    Seller's need better radar..
    Those people put out enough warnings to beware that they should have never entered into a contract with them.

  • @blazerbarrel2
    @blazerbarrel2 7 месяцев назад

    Nut case . People suing had no standing .

  • @TheseusTitan
    @TheseusTitan 7 месяцев назад +1

    In your description you said it cost the buyers money because they already moved out of their house. I’m not sure why the judge didn’t think that moving out before the deal was closed was the buyers’ own decision and therefore their responsibility. Oh well… next!

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      That was their justification. The sellers didn’t actually get to court. They settled before then. I would have assumed they would have had the case dismissed.

  • @enjoylifesteve3925
    @enjoylifesteve3925 27 дней назад

    Video reminds me of the old middle-eastern curse, "May your life be filled with attorneys...."

  • @fpgaguy
    @fpgaguy 6 месяцев назад

    Did you look up to see if this scam was pulled on another buy attemp ?

    • @KatiSpaniak
      @KatiSpaniak  5 месяцев назад

      We didn't. But I'm sure it was!

  • @marcih6662
    @marcih6662 6 месяцев назад

    The reason why we hire and pay for a realtor is to protect us from things like this. Might as well sell by owner without a realtor if they are going to screw you over like this. This is horrifying!! Realtors are worthless!!

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Having a trusting and transparent relationship with your agent is important. Thanks for commenting!

  • @jackhoek2811
    @jackhoek2811 7 месяцев назад

    What do you call lawyers on the bottom of the sea? A good start.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      Hey! My husband is a lawyer!! :)

  • @alreadytired6515
    @alreadytired6515 7 месяцев назад

    I tell clients “you don’t have to be wrong to be sued”.

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      That’s the moral of this story.

  • @WomanRoaring
    @WomanRoaring 4 месяца назад

    the sellers should have returned the earnest money. that probably would have been key to avoiding the law suit.

  • @Subgunman
    @Subgunman 7 месяцев назад

    Scammers for sure.

  • @seansuwanto9522
    @seansuwanto9522 7 месяцев назад

    So when you see the sign of difficult buyer, can you decide not to sell to this buyer but to other buyer? Can you not get sued for discrimination?

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Thanks for your comment! You have to have evidence to back out of a deal. If you can not agree to certain fixes or terms, that is valid to get out of a deal (but it does vary state by state). If there is no evidence and you just think they might be tough, that could be discrimination!

  • @azulposeido
    @azulposeido 7 месяцев назад +1

    I would not have described 8 years old windows as newer. And to me it seems fair to return immediately any of the buyer’s money if they felt cheated by the “newer” description. The buyers may have been annoying but this was totally the seller’s fault by describing the windows as newer. Better to not say anything or give a factual description. You don’t need to mention dates just describe the actual material of the windows and brand if they are good quality and can add value to the property. Just the facts. I think the buyers could easily feel cheated when they find out “newer” was almost a decade long.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Thank you for your comment! I think stating the specific age is very important.

  • @ingoditrust4235
    @ingoditrust4235 7 месяцев назад +2

    The buyers got their $10k one way or the other…

  • @mapratt
    @mapratt 5 месяцев назад

    If the sellers had released the money in escrow when theyfinally sold the house, would the buyers have just gone away?

    • @KatiSpaniak
      @KatiSpaniak  5 месяцев назад +1

      Probably not. This was a set up!

  • @victorsong8416
    @victorsong8416 7 месяцев назад

    The suing "buyers" - and people like that - forget one thing: Some people have "interesting" relatives and/or friends or acquaintances.
    I've met/knew about three like that, in my life; I'm in my seventies.
    Should the "buyers" end up with a seller like any one of them, they would have been sorry - major big time.
    People mess with other people thinking they can get away with it. Most of the time they can.
    But...
    Sometimes they pick the wrong one, and that will be very-very unpleasant for them...
    Mind you, all of these three people/events I know of, were privately done, through extrajudicial means, and two of the three separate events I know of, involved Italians - if you get my drift...

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      HAHA! Ok... :) Here is a follow up video I did on this if you are interested. ruclips.net/video/pzjYsf7sWVQ/видео.htmlsi=ePqxrxoOOSQ33j5g

  • @somaday2595
    @somaday2595 7 месяцев назад

    Had the Buyers been in small claims court before on something similar?
    The same content of this video could have been shortened without loss to 5 minutes.

  • @johnnelson5083
    @johnnelson5083 6 месяцев назад

    Newer to me means newer than the day the home was constructed.

  • @davidcarp5935
    @davidcarp5935 6 месяцев назад

    Whats this "he could drag ot on for years" the buyers lawyer. How was this not thrown out by a judge on day 1? The legal system in this country sucks. King Solomon would have shut these scammer buyers down immediately. No lawyers.

  • @michaelpeters8615
    @michaelpeters8615 7 месяцев назад

    Windows can be expensive to replace. In areas of extreme weather they can make a huge difference in heating and AC cost costs. I live in southern California, so it can be a big deal in summer but not like mid west winters. If that house was in the mid west or east coast or Florida's wind tunnel real estate professionals with experience knows that window have a life expectancy Just like all other fixed components on or in a property. Just saying😊

    • @KatiSpaniak
      @KatiSpaniak  7 месяцев назад

      The windows were in great condition. Only 8 years old. I'm hosting a live Q&A today at 4:30 EST to answer all of the questions about this video if you want to join! ruclips.net/user/livenBdRPDaAr5Y

  • @77space-vt8wi
    @77space-vt8wi 7 месяцев назад

    In my opinion... Sell the Home. "As is". In the terms and conditions of the purchase agreement make that a primary condition of sale along with a signed acknowledgent by the buyers to that effect by the buyers. Use no ambiguous terms like "newer". Newer than what.? The moment the potential buyers become nasty and difficult discontinue all forms of comminution.

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Thanks for your comment! I talk a lot about this in my video here ruclips.net/user/live2jCrZerBJqg?feature=share Take a look!

  • @tquick648
    @tquick648 7 месяцев назад

    Buyers can kick rocks.

  • @jeffparks25
    @jeffparks25 7 месяцев назад

    Guys Should say "Is the stress and lost money and having any friends or a girlfriend and wife and paying her your whole every paycheck for 18 years and giving her your car and house you paid for worth it?"

    • @KatiSpaniak
      @KatiSpaniak  6 месяцев назад

      Hmmm... not sure I get this comment.

  • @bjkjoseph
    @bjkjoseph 7 месяцев назад

    If I moved away in another state, I’m never paying them, even if I lose good luck, trying to get the money

  • @daniels.3062
    @daniels.3062 7 месяцев назад

    No good deed goes unpunished.