Real Estate Law
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we went into contract, with the asking price set contingent on the inspection. So the insoection came back that it needed a new roof, so we sent in a counter offer, they countered with an offer of their own which we then refused and countered again. They asked for an extra day, my agent said sure, so we still don't have answer. I want to know if the house is now gone. Or what recourse I have.
we went into contract, with the asking price set contingent on the inspection.
THAT'S COMMON AND USUALLY DONE.
So the insoection came back that it needed a new roof, so we sent in a counter offer, they countered with an offer of their own which we then refused and countered again. They asked for an extra day, my agent said sure, so we still don't have answer. I want to know if the house is now gone. Or what recourse I have.
YOU ARE STILL IN NEGOTIATIONS - NO BINDING CONTRACT. THERE HAVE BEEN OFFERS AND COUNTER-OFFERS THAT HAVEN'T BEEN ACCEPTED.
SO, UNTIL AN OFFER IS ACCEPTED - THAT THE OFFER ACCEPTED GIVEN THE CONTINGENCIES OF THE ROOF AND OTHER PROBLEMS - THERE IS NO BINDING ENFORCEABLE CONTRACT FOR EITHER PARTY.
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