From: "Ed Roberts Jr" 
Newsgroups: misc.consumers.house
Subject: Re: Negotiating extension to purchase agreement
Date: 27 Aug 2005 19:35:22 -0700
   posting-account=WP7XOw0AAAA7xe6JcweiKhWeF8s6rlJB

The buyers did not send in all the parts of their loan application
until two or three weeks after escrow opened, even though I called
every few days those first two weeks to find out how things were going.

One of the buyers has been a real estate broker for over 10 years, with
four agents now under him. The other man owns what appears to be a
successful business. I think they have enough savvy between them that
I, who am neither a businessman nor real estate professional, am not
taking undue advantage of them. And since they do not plan to live in
the house, they are not under inordinate pressure to close because,
e.g., they gave notice to their old landlords.

We have now amended the agreement by both raising the sales price and
extending the deadline. My belief that the house was underpriced was
only strengthened by how easily the buyers agreed once they realized I
was not afraid of the deal collapsing and having to put the house on
the market.

Ed