We were aware of the road expansion. Nothing was stated in the condition report. Prior to accepting the counter offer, we were aware no checks have been issued. We were the primary offer for the home and the 1 acre property. 4/22 we went into contract. 5/8 the signed with the Department of... Read more »
The issue appears not that they accepted an offer, but did in fact complete a sale of a portion of the property upon which you have a binding offer. Based on their receipt of compensation, it appears they have already transferred a portion of the property to the state. The Real Estate Condition...Read more »
neighbor purchased a new spec home that was next to an empty lot in 2016. I purchased the empty lot and began construction on my home before his final-grade was done. I found it odd that his house had exposed basement windows below grade, since our lots were both very flat pre-build, but didn’t... Read more »
Responsibility for the run-off will depend upon a lot of factors. Understanding your legal rights and responsibilities in this situation before it escalates further would most likely save you time, money and aggravation. A real estate lawyer will be able to advise you further.
Whether you can terminate the Offer will depend on the terms of the contingency contained in the Offer. Oftentimes there are time limits for both the Seller's compliance with the terms, and the time period in which a Buyer is permitted to terminate. Prompt review of the Offer would be best...Read more »
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