Q: Real estate was listed for sale, size was noted in the listing. Once a purchase agreement was signed the lot is smaller
Real estate with an address was listed for sale, the lot size specified in the listing. Once the purchase agreement was signed by both parties we are learning the lot is actually smaller. It is currently attached to an existing parcel, and we are waiting for the parcel to be split off as its own. Extra details, it appears the size noted in the listing was the entire existing parcel, and not for the area he wanted to sell. The existing parcel includes an apartment building, but is a different address than the advertised lot.
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A: If you think the contract is different than the advertisement, then do not purchase. More importantly the proposed deed needs to describe the property you want. If it does not, do not buy. Hire an attorney to advise you. Do not execute a contract, much less a conveyance, until you search the title and get what you want.
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