Q: What can we do with a seller saying we have waterfront property & find out we don't? He jumped the price up $34,000
We found out our neighbor owns the waterfront property. Looking at survey, where the water is supposed to be it says "edge of lot 26" that's the neighbors lot. Seller also got into a heated argument with neighbor about the boundaries. He was just putting on a show.
A:
I assume that you are attempting to purchase property and the seller says it is waterfront property and you say it is not. First, look at the survey and legal description of the property It should be definitive on the question of "waterfront" property. Were you in a contract to purchase the property? If so, enforce it.
If not -- the seller can ask whatever he wants for the property for any reason -- good, bad, false or not.
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