With Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL
Do buyers have any options if that happens? Can you sue, and is it worth it? Is the seller still on the hook for agent’s fees? It’s all covered under something called “Specific Performance” that protects buyers and agents from fickle sellers.
And how much of a down payment do you actually need today? 50% of the respondents to a real estate survey thought the minimum down payment was 20%! But Terry says that’s not the case and that down payments have relaxed significantly since 2010. She also points to the pros of keeping your down payment low and urges buyers to stay abreast of changing lending standards.
Finally, what buyer behavior irks sellers and do you need to watch what you say and do when you visit a house you may be interested in buying.