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re: Backing out of Purchase Agreement

Posted on 5/27/15 at 7:45 am to
Posted by dagrippa
Saigon
Member since Nov 2004
11309 posts
Posted on 5/27/15 at 7:45 am to
Did you miss out on another sale because of these guys?

edit: to me it sounds like they gave notice in the appropriate window albeit not in writing. If you want to attempt to stick it to them over a technicality because you are disappointed in the sale not going through I think it's a mistake.
This post was edited on 5/27/15 at 7:54 am
Posted by KJason
Baton Rouge
Member since Mar 2008
1199 posts
Posted on 5/27/15 at 8:06 am to
If you keep their deposit (which I'm assuming is 5k-10k), is there a possibility they sue you for it to be returned and black the sale of your house in the process?

Have a talk with your realtor about exactly what the conversation was with their realtor in regards to the cancellation of the PA. Sometimes realtors let a conversation act as a proper cancellation method out of professional courtesy.

There is a chance your case to keep the deposit is groundless and you end up actually costing yourself money and prevent the sale of your house for a year or so.
Posted by Motorboat
At the camp
Member since Oct 2007
22756 posts
Posted on 5/27/15 at 8:06 am to
quote:

Did you miss out on another sale because of these guys?


I would hope the OP's realtor kept taking back up offers and kept showing the house throughout this awful 10 days.
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