Can Seller renigotiate contract

What is the name of your state? Florida

Hello, I am in the process of selling my home. My broker called me with an offer, it was lower than my asking price and that I pay all the closing costs and a home warranty. I told my broker that I would take the lower price and pay for a home warranty but I didn't want to pay all the closing costs (she told me it would be about $5,000). She asked me what I wanted to get to my hand and like an idiot I told her I wanted a minimum of $30, 000 to my hand. She called me back that she was coming to my home with the counter offer. She had raised the price of the house and added in all the closing costs for me to pay but I was getting $30,000. I felt pressured and she wanted me to sign right then but I asked for time to think about it. She left the papers with me and I had to fax them in the next day befor 5pm. I accepted the deal because I thought I could shop for cheaper Title Companies, she suggested that also. The Home Inspection was over the weekend and yesterday I was calling Title Companies. Their prices were all coming to $2000-$3000 and I didnt understand where my broker's $5,900.00 in the buyers closing cost section on our estimated expenses sheet was coming from. The title companies told me to ask for a breakdown and then we could calculate better. I asked my broker and she said that is not the closing costs that is just a set amount the buyer wants and can do whatever he wants with the money. I was floored. I felt definitely misled. On the contract it said "seller will pay 6% of selling price towards closing costs" and on the estimated expenses sheet it says buyers closing costs. I honestly thought that they were talking about the standard closing costs with the Title Company. I was very upset and told my broker that I am not happy, I felt like everyone is working for the buyer. This broker is my broker, she should be getting me the best deal I thought! I asked if we could renigotiate. She said no we could only back out of the deal and then there would be consequences. Is this true? Can't we renigotiate? Doesn't it matter that I was mislead and unhappy? The contract has been in effect now for about 8 days now. It was signed on June 25th.

Thank you for your help.

[HomeGuru]

Originally posted by tsukie
What is the name of your state? Florida

Hello, I am in the process of selling my home. My broker called me with an offer, it was lower than my asking price and that I pay all the closing costs and a home warranty. I told my broker that I would take the lower price and pay for a home warranty but I didn't want to pay all the closing costs (she told me it would be about $5,000). She asked me what I wanted to get to my hand and like an idiot I told her I wanted a minimum of $30, 000 to my hand. She called me back that she was coming to my home with the counter offer. She had raised the price of the house and added in all the closing costs for me to pay but I was getting $30,000. I felt pressured and she wanted me to sign right then but I asked for time to think about it. She left the papers with me and I had to fax them in the next day befor 5pm. I accepted the deal because I thought I could shop for cheaper Title Companies, she suggested that also. The Home Inspection was over the weekend and yesterday I was calling Title Companies. Their prices were all coming to $2000-$3000 and I didnt understand where my broker's $5,900.00 in the buyers closing cost section on our estimated expenses sheet was coming from. The title companies told me to ask for a breakdown and then we could calculate better. I asked my broker and she said that is not the closing costs that is just a set amount the buyer wants and can do whatever he wants with the money. I was floored. I felt definitely misled. On the contract it said "seller will pay 6% of selling price towards closing costs" and on the estimated expenses sheet it says buyers closing costs. I honestly thought that they were talking about the standard closing costs with the Title Company. I was very upset and told my broker that I am not happy, I felt like everyone is working for the buyer. This broker is my broker, she should be getting me the best deal I thought! I asked if we could renigotiate. She said no we could only back out of the deal and then there would be consequences. Is this true? Can't we renigotiate? Doesn't it matter that I was mislead and unhappy? The contract has been in effect now for about 8 days now. It was signed on June 25th.

Thank you for your help.

**A: you should not have signed and should have consulted an attorney. Have a meeting fast, with the principal broker.

Thank you for your reply.
When you say principal broker, do you mean my broker's supervisor or someone else?

[HomeGuru]

Originally posted by tsukie
Thank you for your reply.
When you say principal broker, do you mean my broker's supervisor or someone else?

**A: yes, your agent's "boss".