Hi all, I'm buying a house and have gotten into a little bit of a pickle. I'm hoping you all have some advice. I'll do this bullet points to try and keep the time line understandable. Our offer was very low and a very good deal for us.
Day 1, we offer on house. Offer is accepted but they are going to send a counter.
Day 1, 1800, Seller counter offers with minor stuff (use their title company, as is agreement-we had no contingencies, and a 14 day provision to figure out if reverse mortgage lender will accept) They send this to my real estate agent. My realestate agent asks them to rewrite the addendum so our money isn't lost to escrow. We sign the main contract and await the rewritten addendum. Sellers agent send my agent email saying offer is accepted and we are under contract.
day 2, 1100 sellers agent sends my agent the addendum.
somewhere in this time they receive another offer that i presume is much higher
day 2, 2000 my agent sends addendum to me and we sign it.
Day 3, 1300 Seller says we don't have contract because we didn't sign addendum by 1300 on day 2.
So this is day 4, We have a signed contract, an email saying we are under contract, but a seller than has said today they will be accepting multiple offers and they want our highest and final offer.
Where do I go from here? Do I lawyer up or just walk away with a bad taste in my mouth? Any other options?
Thanks for advice/perspective
Z