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Message
Need the OT board's help - seller backing out of selling a house
Posted on 3/29/25 at 11:10 am
Posted on 3/29/25 at 11:10 am
My wife and I had signed the contract. The sellers are using a relocation company and we don't have their signatures on anything.
We had already paid earnest money on the house, have a closing date, and had the inspection performed. They had a "Under contract" sign in their front yard that we have a photo of.
Are we shite out of luck or is there some avenue we can take to potentially still have the house sold to us?
We had already paid earnest money on the house, have a closing date, and had the inspection performed. They had a "Under contract" sign in their front yard that we have a photo of.
Are we shite out of luck or is there some avenue we can take to potentially still have the house sold to us?
This post was edited on 3/29/25 at 11:11 am
34
Posted on 3/29/25 at 11:12 am to Stidham8
Out of curiosity, did they change their mind about selling or just got a better offer?
Posted on 3/29/25 at 11:13 am to shutterspeed
quote:
Out of curiosity, did they change their mind about selling or just got a better offer?
They don't want to sell the house anymore at this time.
Posted on 3/29/25 at 11:13 am to Stidham8
Depends on several factors including the state you are in and what the contract says. Do you have a realtor ? If not you may want to hire a real estate attorney.
Posted on 3/29/25 at 11:13 am to Stidham8
No signature no contract
Posted on 3/29/25 at 11:13 am to Stidham8
Time for your realtor to actually earn their money. What is your realtor saying?
Posted on 3/29/25 at 11:15 am to Stidham8
quote:
The sellers are using a relocation company and we don't have their signatures on anything.
quote:
shite out of luck
Why did this happen
quote:
paid earnest money
quote:
have a closing date,
quote:
had the inspection performed.
quote:
They had a "Under contract" sign in their front yard
before this?
quote:
we don't have their signatures on anything.
Posted on 3/29/25 at 11:15 am to MrWhipple
quote:
Time for your realtor to actually earn their money. What is your realtor saying?
This is the answer
Posted on 3/29/25 at 11:16 am to MrWhipple
If OP is like most people who ask questions like this, he’s been told the answer and doesn’t like it.
Posted on 3/29/25 at 11:16 am to Stidham8
The contract, if there is one, will govern. See a lawyer.
Posted on 3/29/25 at 11:17 am to Royal
quote:
If OP is like most people who ask questions like this, he’s been told the answer and doesn’t like it.
My default assumption is that we are screwed but this isn't my purview and would like other opinions to see if there is anything we can do.
Posted on 3/29/25 at 11:19 am to Stidham8
Stop by and knock on the door, ask them why they are backing out in person on the doorstep. Who wants to love it? Who wants to list it?
Report back
Report back
This post was edited on 3/29/25 at 11:22 am
Posted on 3/29/25 at 11:20 am to Stidham8
Typical relocation the sellers sign the house over to relocation and they act as sellers. If it was an accepted offer it’s likely not even the occupants house to sell/back out of at that point. Most contracts if you would have backed out the relo company would be stuck with house as inventory.
Posted on 3/29/25 at 11:20 am to Stidham8
Sorry to hear about your situation.
The seller is not a party to the contract before executing it.
There is no contract until it is fully-executed by all parties.
The seller is not a party to the contract before executing it.
There is no contract until it is fully-executed by all parties.
Posted on 3/29/25 at 11:21 am to BigAppleTiger
I don't know why they're using a relocation company. They're planning to move to a different state.
The "Under Contract" sign was in their front yard the day we signed our contract. We have a photo of it. We paid the earnest money the next day. They are saying it was a "verbal agreement" only.
We had an inspector already see their house and had a floor person come to survey for installing hardwood floors.
The "Under Contract" sign was in their front yard the day we signed our contract. We have a photo of it. We paid the earnest money the next day. They are saying it was a "verbal agreement" only.
We had an inspector already see their house and had a floor person come to survey for installing hardwood floors.
Posted on 3/29/25 at 11:22 am to Stidham8
Was there a verbal contract, agreeing on price?
Posted on 3/29/25 at 11:22 am to Stidham8
if you want to fight it consult a lawyer. no one here has read your contract
Posted on 3/29/25 at 11:22 am to FightinTigersDammit
quote:
Was there a verbal contract, agreeing on price?
Yes, we had fully agreed on the price and closing date.
Posted on 3/29/25 at 11:24 am to Stidham8
Verbal contracts can be enforced under certain circumstances/jurisdictions. Maybe check into that.
ETA
I am not a lawyer.
ETA
I am not a lawyer.
This post was edited on 3/29/25 at 11:25 am
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