View Single Post
  #15   Report Post  
Steve
 
Posts: n/a
Default Did Seller violate the offer letter


"Saravana" wrote in message
om...
: I am struck up in a strange situation. I made an offer to the seller
: of the property he accepted it and I paid him the deposit. I did the
: home inspection and we decided to sign the Sales & Purchase by 20 days
: (that is June 29). The seller found a better offer and now he wantedly
: made me to wait till June 29 and now he has come back saying that the
: offer is not valid anymore because we didn't sign the Sales & Purchase
: by the deadline. I don't know what to do with this person. He says he
: can give me back the deposit but no home inspection cost.
: Is the seller correct to say that the offer is not valid because the
: Sales & Purchase was not signed by the deadline. Is he liable to pay
: the inspection cost along with the deposit. What should I do further.
: Any advice is highly appreciated

More than likely, your jurisdiction will allow you to sue for
non-performance.
Good Luck :-\
(This was an interesting and well-covered legal topic in the RE Licensing
classes I took a few years ago.)

Before you get ridiculous about it, stop & *think* for a few hours --
### Add up **ALL** of the costs of a suit.
### Consider the *time* involved (don't forget the inevitable delays and
continuances).
### Consider the enormous amount of non-compensable time *you* will lose on
the process.
### Consider the costs *you'll pay* if you fail to prove your case.

And, should you actually "win",
### consider the condition the property might be in once you "get it" by
winning a suit to force the seller to sell to you --
### and then consider just how you're going to *prove* that the roof
wouldn't have caved in on your bed had you never had to sue for
non-performance in the first place.

Yes, there are laws and supporting case law to enforce contracts and
intents.
But so what?
Are your hurt feelings / Sour Grapes really worth all of the
self-destructive energy ?
--
Steve
www.ApacheTrail.com/ww/
Mesa, AZ
Penury Is the Mother of Invention