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Thanks. The sale price has already been set. Since the sale price can be changed based on a new appraisel. Is it legitimate to cancel the sale based on new information. Would there be penalties. Could the potential buyers take me to court.
Ok, one last question. If I did breach the contract based on the two appraisals being $400,000 apart. What would the judge rule in approximate dollar amounts, if I were to be sued. I want to know whether it is worth the breach.
I am unsure you got this question.
In countering, the buyer requested;
"Close of escrow to be July 15th 2013 or 60 days after contingencies are removed.
My counter to this demand was to give them something rather than agree. I gave them shipping containers.
"Five containers to be left for buyer at not cost to Buyer.
The realtor said that this meant I agreed to the Buyers request. How does that make a contract? Then, the property was placed in escrow before my contingencies were met and that was a prequalification for the loan.
Yes but I didn't agree to his counter offer. I countered with the shipping containers in lieu of a closing date that was solid. How does this give me a closing date or an additional 60 days I didn't want them to have. My contingencies weren't met, but it went into escrow.
P.S. I have a hard head.