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We went into contract for a house for $10,000 less than the listing price. The homeowner decides to list it for the settled price of $10,000 less on realtor.com. Does anyone have any moral fibers left in them? We are thinking of a way out of the contract and an opportunity to bid on another house.
We agreed to purchase the house at ten grand less than the asking price. After we signed the contract, the homeowners listed the price for ten grand less, and you do not see a problem with that?? My realtor does and I am sure an attorney will too...............
Maybe they were planning on doing a price drop of 20K before they accepted your offer and it ended up showing up on the MLS after you signed the contract.
We agreed to purchase the house at ten grand less than the asking price. After we signed the contract, the homeowners listed the price for ten grand less, and you do not see a problem with that?? My realtor does and I am sure an attorney will too...............
I don't understand. Either you have a signed contract from them accepting your offer and with a closing date, or you don't. If you do then I don't see a problem because if they don't follow through you can sue them for damages and fees. If you don't have an accepted contract, then you don't have a case, it's that simple. if this is the case they dropped the price, what is the issue? Drop your offer. This isn't making any sense.
This is pretty much cut and dry contract law. Morals are emotions and have no bearing on this.
House can still be listed until closing is complete. The house we bought last summer continued to be listed on realtor.com until we closed.
Until the closing, the homeowner has no guarantee that you will not default in some way before then and he/she will be left without a sale. It is business, not personal.
House can still be listed until closing is complete. The house we bought last summer continued to be listed on realtor.com until we closed.
Until the closing, the homeowner has no guarantee that you will not default in some way before then and he/she will be left without a sale. It is business, not personal.
I completely agree - the homeowner has done nothing wrong, they are just being proactive in protecting themselves in case this sale falls thru.
If BlueDiamond goes thru with things on her end then there's nothing to worry about
I've heard too many stories of contracts not getting to closing for a variety of reasons. IMO, it is only prudent to stay listed until closing....it doesn't have anything to do with morals.
My reading off this is you offer $10,000 less, and they accepted.
All they have done is reduce the price on realtor.com if for some reason your deal falls through, seems perfectly reasonable to me.
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