5661 E Shadow View Ct,
listed for $845,000, went to contract last June and was scheduled to close escrow in the next couple of months. But trouble started when the would be buyer, who’d been given early possession, that is, possession prior to COE, backed out of the deal. That’s right, they’d negotiated and gotten possession and then backed out of the deal to buy the house. Worse yet, apparently there was a disagreement regarding the earnest money and the buyer refused to vacate premises. (Listed by Realty Executives Southern Arizona)
And it wasn’t until 6 months later, on December 28, that that buyer was removed and the house put back in condition and re-listed. This time for $825,000.
Fortunately another buyer came along in just 3 days and the house was back in escrow. It finally closed today – hurrah - for $815,000 ($249/sf)
Possession, prior to COE is fraught with undesirable possibilities,
