Feb
19
i accepted sellers offer,paid earnest money and now seller wants more money?
By
i had been bidding back and forth on a property. my agent proposed a offer to me from the seller. i accepted with a quick sale to close by june 20, and i paid the earnest money. June 12 im told that a new manager for the repo company is in control of this house and they are not going to sell that cheap and made an new offer 10000dollars higher. can i do anything
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5 Comments
January 8th, 2010 at 7:53 pm
You should check with an attorney, but if you have a fully signed and executed sales contract I don’t see how the new owner could back out.
Once again, you should check with an attorney.
January 8th, 2010 at 11:19 pm
If there was an offer (by the seller), and an acceptance (by you), then a contract was created which is enforceable by a court. Consult an attorney about filing a demand for “specific performance”.
January 12th, 2010 at 9:04 am
OH yes, foreclosed homes and short sales. What a bargin!
January 14th, 2010 at 8:38 am
If you have a signed contract, then the deal is done. They cannot change the terms. I agree, definitely talk to a lawyer. First, to be sure your contact doesn’t have any clause in it for this, which I doubt. Second, for them to demand the contract be executed as written. You can threaten a suit for specific performance, which basically means making the seller stick to the terms of the contract.
January 17th, 2010 at 4:47 pm
“i accepted with a quick sale to close by june 20, and i paid the earnest money”
Was their final acceptance in writing?