Why a Home Buyer Really Cancels a Deal
The email subject line said it all: COSMOS CONTRACT CANCELLED
And the explanation, from the inspection report, for why the buyer cancelled followed:
- Pool & Spa Heater has been bypassed – heater non-functional.
- Low Pressure in pool pump
- Pool equipment missing a few valves/handles.
- Garage Doors: 3rd car door not working at all, main door chain is off.
- Nearly-New Water Heater igniter non-functional thus no hot water to house.
- Shutters in Kitchen are leaned-up against window.
- Water to the Laundry sink faucet, both hot and cold, does not turn off.
- Landscape kick lights on stair risers by pool do not come on.
- Stain in master bedroom carpet.
- Master Bathroom north sink stopper not working. North sink knobs were installed in the on-position they are parallel to the back splash.
- Grout Crack around tub.
- Master bath east mirror cracked.
- Interior doors rub and stick.
- Molding around exterior door from garage to backyard shows signs of deterioration due to weather.
Okay, so what? This is stuff is easy to fix, and pretty minor considering the house, located in Scottsdale, is almost 15 years old. That’s what I told the buyer’s agent. She reluctantly agreed but said her client wanted to cancel anyway. There’s more to this story. Watch this video to find out the real reason the buyer walked.
