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There is ALWAYS an out. Your lawyers job is to find it.
Good move not to buy a house without a garage. I sold a house with a single car garage and it was one of the top five 'detraction' points which potential buyers cited in refusing to bid. Two car garage is necessary for decent resale.
Good luck. Your lawyer will help you enourmously as long as he is not in the agent's pocket.
I'm looking out for my own interest not others. It's not like he killed the sellers dog; he decided not to buy the sellers overpriced house. Just business, the guy can relist. No reason to be the nice guy and take it up the wazoo. I'd take any approach possible to recover my funds.
But the OP signed a CONTRACT and clearly wanted the house ... 'til she changed her mind two weeks before closing!! The seller should not be responsible for the buyer's changed mind. Clearly from what you have written, your word and your signature on a contract means nothing to you, which is pretty sad.
Quote:
Originally Posted by Ted Bear
Good move not to buy a house without a garage. I sold a house with a single car garage and it was one of the top five 'detraction' points which potential buyers cited in refusing to bid. Two car garage is necessary for decent resale.
Completely depends on the neighborhood. The OP says she thinks it will hurt "future resale" but SHE SIGNED A CONTRACT knowing it didn't have a garage, so clearly it didn't sway her ('til she changed her mind).
Personally to me this comes down to a business decision. If you think the penalties from backing out are better than going through with buying then you do so.
Personally to me this comes down to a business decision. If you think the penalties from backing out are better than going through with buying then you do so.
I agree. If it's worth it to you then the $10K is nothing.
Although I think you need to be more careful in the future. Don't rely just on a realtor to show you homes. Look online yourself as well.
But the OP signed a CONTRACT and clearly wanted the house ... 'til she changed her mind two weeks before closing!! The seller should not be responsible for the buyer's changed mind. Clearly from what you have written, your word and your signature on a contract means nothing to you, which is pretty sad.
Completely depends on the neighborhood. The OP says she thinks it will hurt "future resale" but SHE SIGNED A CONTRACT knowing it didn't have a garage, so clearly it didn't sway her ('til she changed her mind).
Right, contracts are signed, and contracts are ripped up and nulled/voided all the time for various reasons. Thats the whole point of contracts. OP, keep this thread updated with whatever you decide to do. And please dont just bend over, fight for whats yours
Right, contracts are signed, and contracts are ripped up and nulled/voided all the time for various reasons. Thats the whole point of contracts. OP, keep this thread updated with whatever you decide to do. And please dont just bend over, fight for whats yours
According to the contract that she signed apparently in good faith, the earnest money should go to the seller under these circumstances. So she isn't "fighting for what's hers" ... rather, you are encouraging her to cheat the seller out of what is his according to the agreement that they BOTH entered into. But clearly you don't understand ethics, so I give up.
According to the contract that she signed apparently in good faith, the earnest money should go to the seller under these circumstances. So she isn't "fighting for what's hers" ... rather, you are encouraging her to cheat the seller out of what is his according to the agreement that they BOTH entered into. But clearly you don't understand ethics, so I give up.
If I bent over all the time I wouldn't be where I am today
I'd be pissed if I were the seller. I'd make sure she didn't get her money back.
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