Q: What can i do if a seller takes 6 months to close and I have paid for the inspections and all the fees
I have been closing for 6 months now. The seller has taken their time and even made it difficult for us to close on this home. We have held up our obligations to a point that currently all they needed to do was repair the HVAC and it is still not done 5 weeks later to pass inspection. Our loan is now closed and I have to start over because of this. is there any recourse.
Would I be able to get my money back for the inspections and reinspections that I have to pay? The owner will not negotiate on the price of the home for the problems they have caused and is now asking us to leave the sell.
A:
Buying a home is probably the largest purchase made in a person's lifetime. The contract to buy it is quite long and cumbersome but apparently people feel they do not need legal assistance to accomplish this task.
Sellers who refuse to close can be subject to a specific performance lawsuit, or the buyer can walk away from the deal and get the deposit back, among various recourses.
Depending on the skill of your real estate professional, if you are using one, the real estate professional can cause the parties to proceed to closing, since they do not get their commission from the contract until it closes. If you have a real estate professional and that person has not produced results, it is time to consult with an
a real estate attorney in your area to discuss your options with this contract and decide how to proceed, which perhaps you should have engaged when entering into the contract.
1 user found this answer helpful
A: Yes. Legally, you can sue for specific performance to force the seller to sell you the property.
1 user found this answer helpful
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