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****ty situation with the sale of my house, what would miscers do? (srs thread)
11-29-2023, 12:47 PM
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#31
- OliverHeldens
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If it’s just an investment, he should understand. The only person who I could see actually getting mad here is a non-family guy you don’t care about, which who cares.
11-29-2023, 12:48 PM
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#32
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The fact that it's family is irrelevant. You are talking about breaking your word for 30k.
You have to decide what is more important toyou; keeping your word or making an extra 30k. That is a purely subjective issue and other people can tell you what they would do, but you are the only one who knows which is the most important toyou.
You have to decide what is more important toyou; keeping your word or making an extra 30k. That is a purely subjective issue and other people can tell you what they would do, but you are the only one who knows which is the most important toyou.
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11-29-2023, 12:51 PM
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#33
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> family member has done no due diligence
> no timeline was discussed
> its an "investment?" how so? what are their COC / IRR numbers? is it an STR or LTR?
> "interested in it" as an investment doesnt mean jack chit and it tells me they have done next to no work looking in to it's profitability
> you would make $30k more by selling to lesbian couple.
explain it to the family member, buy them a case of beer and sell to lesbians.
> no timeline was discussed
> its an "investment?" how so? what are their COC / IRR numbers? is it an STR or LTR?
> "interested in it" as an investment doesnt mean jack chit and it tells me they have done next to no work looking in to it's profitability
> you would make $30k more by selling to lesbian couple.
explain it to the family member, buy them a case of beer and sell to lesbians.
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11-29-2023, 12:53 PM
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#34
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Originally Posted By TBO1313⏩
Yeah I mean from a strictlylegal perspective, I think real estate sales have to be in writing (statute of frauds), so its not like OP will get sued. But I agree with you, given the family dynamic, and 30k isn't really all that much (especially if you can cut out real estate commissions etc), it needs to be worth it to OP to burn a bridge if he doesn't do the family deal.If you shook hands on it the deal is made. Don't back out especially since it's family
mo e
11-29-2023, 12:53 PM
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#35
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I honestly wouldn't, but I also wouldn't hold a family member to that if they could get more. Tough call but you can gauge them to better help your decision
11-29-2023, 01:00 PM
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#36
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Originally Posted By wrassler45⏩
I tried to put myself in his shoes:I honestly wouldn't, but I also wouldn't hold a family member to that if they could get more. Tough call but you can gauge them to better help your decision
What if i really needed the money, shook hands on it, already had a day set to receive the money, and then 2 days later the guy calls me and he says he found a house exactly like mine in the same area, but 30k cheaper, and that hes going to buy that one instead and he hopes id understand.
Would i be mad or break a relationship or something? I dont think i would hold it against him TBH, i may explaint it to him that way
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11-29-2023, 01:02 PM
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#37
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Originally Posted By shmobin⏩
You may have missed the part where its family, you LowIQ pleb. He blows this deal, then his family looks at him differently. Worse, OPs made it clear hes in the same line of business as the family member. Names and reputation matter in business. You clearly wouldn't ****in know.Okay handshake boomer. :rofl: This is real estate. Handshakes don't make deals. Accepted bids do and there is a paper trail.
11-29-2023, 01:03 PM
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#38
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Originally Posted By Ken-O⏩
If its a close relationship, I would imagine he would understand. If its just some cousin, you need it, and he's a dick? Then just move onI tried to put myself in his shoes:
What if i really needed the money, shook hands on it, already had a day set to receive the money, and then 2 days later the guy calls me and he says he found a house exactly like mine in the same area, but 30k cheaper, and that hes going to buy that one instead and he hopes id understand.
Would i be mad or break a relationship or something? I dont think i would hold it against him TBH, i may explaint it to him that way
What if i really needed the money, shook hands on it, already had a day set to receive the money, and then 2 days later the guy calls me and he says he found a house exactly like mine in the same area, but 30k cheaper, and that hes going to buy that one instead and he hopes id understand.
Would i be mad or break a relationship or something? I dont think i would hold it against him TBH, i may explaint it to him that way
11-29-2023, 02:34 PM
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#39
- SwagMorris
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Your family member would be a POS if they don’t mind you losing out on 30k so they can profit off of your investment.
11-29-2023, 02:39 PM
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#40
11-29-2023, 02:43 PM
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#41
Originally Posted By Ken-O⏩
Take the higher offer and don't sell to family. You are needlessly inviting an obscene amount of issues into your life by doing that. Just take the higher offer and run, very srs.Thing is, this person could see it as "allright we already agreed on 320k, we shook hands, and now hes getting offers for 30k more, which means i could make 30k at least on flipping that house"
that person could see it as if they are the ones losing money. And this person doesnt take money topics lightly
Agree, but honestly 320k is the number i had on my mind months ago, so only way i wouldve regreted it in anyway its if literally after shaking hands i got a way better offer lol, which is what happened.
that person could see it as if they are the ones losing money. And this person doesnt take money topics lightly
Agree, but honestly 320k is the number i had on my mind months ago, so only way i wouldve regreted it in anyway its if literally after shaking hands i got a way better offer lol, which is what happened.
inb4 you sell to the relative and this ends up creating bs family drama down the line in any number of potential ways.
Also, why would you cut your family a deal when they just wanted to use it as an investment property? Cutting family a deal on selling them a home makes absolutely zero sense unless they are going into it planning to live there for 10 - 30+ years.
11-29-2023, 02:47 PM
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#42
Originally Posted By monster0ultra⏩
not a bad idea, but I'm cheap so 5k. LOLSell for 350K, throw family member 10K. Problem solved.
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11-29-2023, 02:58 PM
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#43
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Inb4 the person that offered you 350k is a plant from your family member to test your loyalty
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11-29-2023, 03:10 PM
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#44
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I would go to the family member and just say you know you talked about selling at $320 but you just got offered $350 for it and the extra $30 will go a long way for you and your family for you next house and you hope he understands and is not upset.
I wouldn’t “offer” him the opportunity to match the $350. That just makes it’s look like you made up the offer to get him to raise the price on him. If he comes back and says “well what if I will pay $350, would you sell it to me instead” then you can have that conversation.
The only thing I would be worried about in your position is what if the $350 offer gets pulled from the buyer and your left with your thumb up your ass
I wouldn’t “offer” him the opportunity to match the $350. That just makes it’s look like you made up the offer to get him to raise the price on him. If he comes back and says “well what if I will pay $350, would you sell it to me instead” then you can have that conversation.
The only thing I would be worried about in your position is what if the $350 offer gets pulled from the buyer and your left with your thumb up your ass
11-29-2023, 03:15 PM
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#45
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Originally Posted By FinBra⏩
I'm sorry that you are so emotional about this financial transaction.You may have missed the part where its family, you LowIQ pleb. He blows this deal, then his family looks at him differently. Worse, OPs made it clear hes in the same line of business as the family member. Names and reputation matter in business. You clearly wouldn't ****in know.
11-29-2023, 03:23 PM
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#46
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Had you drank alcohol when you shook hands? Just say you were drunk and forgot. Or just say, 'thought you were kidding around, sorry its sold now lol'.
Final option is to just explain to the familycel that it's 30 fkin k and you're not gonna just throw that money away over some ghey handshake
Final option is to just explain to the familycel that it's 30 fkin k and you're not gonna just throw that money away over some ghey handshake
11-29-2023, 03:24 PM
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#47
11-29-2023, 03:39 PM
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#48
Originally Posted By Bigbuster1⏩
I'd be worried about this.The only thing I would be worried about in your position is what if the $350 offer gets pulled from the buyer and your left with your thumb up your ass
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11-29-2023, 03:40 PM
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#49
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Originally Posted By chalup⏩
Doesn't matter what he wants the property for, they both, as men/family, shook hands and agreed on 320K.Not only this, but family member was looking at it for an investment. Just have the straight up talk with them and if they want it for 350k as well you will sell to them.
If someone offers the OP 270K, is he now going to his family member and say look, just got offered 270, so 320 is too much how's 300 sound? No of course not.
PS, alot of scumbags ITT.
11-29-2023, 04:58 PM
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#50
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As a miscer $30k is merely 3 days income for you
Can’t really believe you’d bother writing a thread about it
Can’t really believe you’d bother writing a thread about it
11-29-2023, 05:21 PM
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#51
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Depends how poor you are and how close you are with this family member. If I did this with my brother I'd pass on the extra 30k and stick to the deal I made with my brother. If I did this deal with some cousin I never see I'd tell the cousin they're sh*t out of luck unless they want to match the other offer.
30k isn't a very big deal if you're close with this family member basically.
Edit:
I'm especially leaning toward passing on the family member unless you are very close to them considering they were only going to use this as an investment anyway. Sounds like they wanted to get a good deal off you and got you to drop your price $30k just so they could have a better investment.
30k isn't a very big deal if you're close with this family member basically.
Edit:
I'm especially leaning toward passing on the family member unless you are very close to them considering they were only going to use this as an investment anyway. Sounds like they wanted to get a good deal off you and got you to drop your price $30k just so they could have a better investment.
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11-29-2023, 05:26 PM
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#52
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go to family member, explain situation but say you're still willing to honor the deal
if they're a standup person, they'll say forget it and tell you to get that money
if they're skeezy they'll hold you to it, in which case you just sell the house anyway and ice them.
if they're a standup person, they'll say forget it and tell you to get that money
if they're skeezy they'll hold you to it, in which case you just sell the house anyway and ice them.
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11-29-2023, 05:45 PM
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#53
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Honestly, it depends on how you feel on your word as a man. You did shake on it, to some that doesn't mean jack sh!t, but to others word is bond. I say go with what someone else said, break them off 5k for backing out, and you still make your extra 25k, all parties happy.
11-29-2023, 05:55 PM
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#54
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Originally Posted By SwagMorris⏩
This.Your family member would be a POS if they don’t mind you losing out on 30k so they can profit off of your investment.
Just tell the family member that you got offered $350.
Since they only wanted it as an investment, they SHOULD say, "oh congrats, take it!"
If they get pissed, then just LMFAO.
11-29-2023, 06:09 PM
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#55
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tell fam member that you are gonna go w 350k offer.
if your fam member was DED FKN SRS about buying the house as an investment prop or w.e, maybe theyll even go higher. who knows.
if your fam member was DED FKN SRS about buying the house as an investment prop or w.e, maybe theyll even go higher. who knows.
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11-29-2023, 06:15 PM
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#56
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If your family member was buying it to move his family into, I would honor the handshake. But he's not. It would be an investment property. So he should understand if you got a better offer on YOUR investment.
If he doesn't understand, I'd tell him to GFY.
If he doesn't understand, I'd tell him to GFY.
11-29-2023, 06:46 PM
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#57
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Define "family member"
11-29-2023, 06:51 PM
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#58
- mr.left hook
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Originally Posted By F0idgaze⏩
This... than take them out to eat because you broke your wordSell it for 350k, fuk the family member. It's business
However lie to the family member, say the man offered you 375k so he doesnt feel as bad for losing out
However lie to the family member, say the man offered you 375k so he doesnt feel as bad for losing out
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11-29-2023, 06:56 PM
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#59
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Your family member didn't offer you $350k because you're family. He offered you $320k because it'a business.
Take the better offer.
Take the better offer.
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11-29-2023, 07:09 PM
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#60
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