Sometime over the weekend the buyer realized that they weren’t getting the deposit back. We got a call on Sunday night, telling us that they’d like to find a way to close. Arrangements were made for a meeting this morning between the buyer, buyer’s realtor, buyer’s lender, buyer’s broker, us, our realtor, our broker in order to hash out any details and see if we could come to an agreement.
After about 2 hours we concluded that the reserve could be met by reducing the realtor’s commissions. In addition, we asked for 2 additional days after closing to vacate the home. That way we won’t move until the ink is dried, rather than repeating Friday’s shenanigans if we don’t close yet again.
The lender told us that once the signed paperwork reached him, he could let us know in about 2 days time if it was going to go forward or not. He said that with the additional funds, he thought that it had a very good chance.