Chidi Akwari

I am writing my review to reflect the experience in which I had in trying to purchase a home that Mr. Akwari had listed. My wife and I located a home after several weeks of searching in a nice Neighborhood in Gibsonville, NC. I grew up in this area and most of my family resides in this location. My wife and I were referred to a buyers agent to assist us in the purchase of our first home. This buyers agent has 25+ years of experience in the business and is very knowledgable. She is very dedicated and goes above and beyond for her clients. Mr. Akwari was contacted by our agent at which time she expressed our interest in the home and requested a viewing. My wife and I went the very next day and looked at the home. It was then, we learned this home was purchased just months prior as a "Flip". For the exception of a few things, the home was remodeled very nicely on the inside. The seller, decided in listing this home there would be a non disclosure of any issues with the home. I was told by my agent this was not uncommon with selling a property in which was purchased for a flip. The home was listed for 164K. The seller equipped the home with brand new stainless appliances to include stove/range, microwave and dishwasher. There was not a refrigerator included. Our Agent contacted Mr. Akwari with our approval and submitted an offer which included FULL asking price, seller cover closing and add a matching refrigerator. After going back and forth with counter offers we negotiated the following: 167K (3K above listing) seller cover 5K of closing and include a fridge. Per the request of Mr. Akwari, my wife and I also provided a check for due diligence in the amount of $350 and a check for Ernest in the amount of $250. Three days after going under contract with this home, we had the home inspected by an inspector who actually sits on the board for the NC inspectors. Aside from a few cosmetic issues there were three listed areas of major concern. The roof on the home needed to be replaced, the insulation under the home was either on the ground or hanging and there were signs of termite damage in the garage. My agent took this information to Mr. Akwari at which time his true colors came out. It was requested that the seller replace the roof, fix the insulation under the home and pending the inspection for termites, address and fix that issue. Mr. Akwari sent a counter agreeing to fix the "cosmetic" issues but requested we pay $3200 toward the replacement of the roof. Our Agent felt Mr. Akwari was making decisions on the sellers behalf without his knowledge (This was only a suspicion nothing proving this). After several corresponding emails between Mr. Akwari and our Agent, I took it upon myself to contact the seller personally. I wanted to hear from the horses mouth that he was willing to lose this deal over fixing issues that should have been addressed in the remodeling of this home. I then learned this seller owns and operates a construction company and my belief is he may be partnered with Mr. Akwari in some way in the selling of homes in which are purchased and flipped for profit. The seller expressed he wanted to proceed with our business after finding out my wife and I were already pre approved through the State Employees Credit Union at 100 percent financing. He stated he would have "one of his guys" go to the home and get an estimate for the roof. We spoke about the terms of our contract regarding the price of the home. The seller was under the impression it was acceptable to add the cost of the roof to the purchase price of the home. He justified this by saying " I am already paying 5K toward closing". Let us do the math... The house was listed at 164K. We agreed after much debate to offer 167K to compensate for the sellers 5K being paid toward closing. This really equates to seller paying 2K toward closing. Now you wish to add the cost of the repairs to the purchase price and ask for 170K? This home is just a little over 1500 square feet that was built in 1997. Our agent checked all the comps in the area and found absolutely nothing that would support a purchase price of 170K for this home. To be honest, 167K was probably a little over the average price point. The seller requested I give him to the afternoon to check the price of the roof and again expressed that he wanted to keep our contract. Shortly after this conversation, Mr. Akwari attempted to contact our Agent by phone and then started sending emails that were completely unprofessional and degrading. Our Agent took the high road and chose not to engage in the childish behavior which Mr. Akwari displayed. The seller gave Mr. Akawri full authority to negotiate the terms of the repairs. Mr. Akwari single handedly ruined the purchase of this property and put an extremely sour taste in our mouth for the home buying process. My wife and I are not rich and are probably like most other hard working people that sometimes live paycheck to paycheck. Due to Mr. Akwari's unprofessional behavior, in representing not only his company but his client my wife and I are now out of $650 dollars. $350 dollars paid in due diligence and $300 dollars paid to have the home inspected. If Mr. Akwari or the seller of this home had a conscious they would send the DD check back. Unfortunately, the Seller of this home can no longer use a "non disclosure" since he now has knowledge of all the issues needing to be repaired. I wish you all the luck in trying to sell this home now. I seriously doubt you will get an appraisal of 170K and I cant imagine that anybody in their right mind will buy the home at a price of 164K after they review the disclosure. Thank you Mr. Akwari for taking my money and screwing us over.