SLG Home Buyer

A few months ago we received a flyer in the mail saying "we want to buy your house." We decided to call SLG Home Buyer and Luca did a tour of our home.

They asked lots of questions during this process. He asked us why we wished to sell. Earlier this year we had a private sale fall through 10 days before closing. It was a horrific experience and one we wanted to avoid happening again. We told Luca about what happened to us.

After the walk-through he asked us how much we were looking for. We said our number, he said his, and we met in the middle. I asked him, "Should I have a real estate agent?" He told me no. He pressured us to sign the agreement of purchase and sale and we said we needed a few days. He went over the contract and a clause stood out to me. It was a 10-day irrevocable in which they could back out.

RED FLAG. So I asked, "Is it a possibility this could happen?" And he said, "Has it happened? Yes, but on a much larger scale." He then said, "I am confident in my offer." I asked, "So we can start bidding on houses since we agreed on a 45-day close and we planned on moving 5 hrs away with 2 children?" He said, "Yeah, start bidding." Our lawyer also had concern about that phrase so I called Luca again and said, "Before we sign, is it a possibility of it not happening?" He reassured me that it wouldn't.

He calls a few days later and asks if his partner can see the house. We had Covid so I told him on Thursday that by Monday we should be fine. He said he would call me back. We then receive a text and call asking us to reduce the purchase amount 15k. He knew we were already at our lowest number. 2 days later we get a call from our lawyer; turns out no deposit was ever put down with the offer. The next day they backed out of the deal. We had a real estate agent working around the clock for us up north and we were packed and ready to move. We got rid of our renovation supplies because the deal was "as is." They had zero concern about our family. They hurt us.