Kirby Bennink

Apr 17, 2014

Never assume, ask questions or you too can be screwed out of $5K at closing...

We purchased our new house, closed on it, then sold our current house. We had a $5K surprise at closing. We originally came to an agreement price on our house and the buyer was good with it. Then the inspection found some issues so we gave them a $5K seller concession. Then later the appraisal came back even lower so we agreed on the appraised value. Now common sense tells you that the selling price was reduced to the new appraised value and that the concession was off the table. It wasn't so we got burned out of $5K at closing and the buyer ended up getting the house for $5K less than our lowered offer. A good realtor would have pointed this out to us but ours said nothing. By having it as a concession, she was able to get her commission on the $5K and we had to pay it at closing. Very shady business and I will never use this reality company again nor will I ever recommend them to any of my friends. We felt like we were totally taken advantage of. Our realtor never even put a sold sign up in front of our house nor did she ever show it once yet she got her commission.