Real Estate Law
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Yes you are correct in where I should have said "buyer". Yes we sat at the house I am selling which I agreed to for a 10:30AM appointment. They wanted to know some more details in regard to what I did in regard to upgrades and repairs while I was living in the house and then they asked why I decided to come back up in price. I explained I had just paid for an appraisal for my own information along with being able to share that with purchasers. That appraisal was higher than I was led to believe. I also explained to them what new upgrades had been done in the last 18 days (bathrooms, lighting, new window in master bedroom for view to the lake in back yard, painting etc.,) They did offer $8000.00 more than the contract from Friday, I said NO, my realtor called later that day (Saturday) stating they would even go $4000.00 over that, I said NO and gave her AGAIN the botXXXXX XXXXXne number. which was $382.00. Not $362,000 nor $370,000.00 nor $374,000.00.
They now are saying they signed for $362,000.00 Friday, but I did not, their realtor did not nor did my realtor receive that until today...???
So why did they want to meet with me on Saturday to discuss price and why on Saturday afternoon did they make two other offers after I specifically with all parties present decline and state my price would be higher due to appraisal and value of my land, property, condition of house, location..?? I have to approach my realtor tomorrow as to what direction we go, as she is very willing to work with me but not able to legally guide me. I suggested maybe I would call a lawyer in the am prior to her going to their realtor with any word one way or another. she said thanks and she would appreciate that. ??? help please
Oh thank you so much..Just want to confirm that that is the law in SC as I have been told it is so different than NY where I am orig from. If this is the case then wow maybe I can sleep and maybe tomorrow we can all come to a fair, reasonable price that we all will be content and happy with as a home is a very personal place for all. I do appreciate your time and hope I do not encounter any other issues tomorrow with this.
I just found out that this information is not true in SC??? Once a contract is signed even if there is verbal communication in regard to a price change and even if that document was not delivered to me or realtor, it is still a legal agreement once they signed?? They did go to their bank today with that and got a preapproval letter?? So I did not get the proper legal advice???
I did speak this am to a real estate lawyer whom I have used here in SC and he felt different due to the new laws here. When my realtor went back on Friday and told them I was changing the price to a higher amount and yes they did not at that time state "we already signed and here it is" in a fax, email or in person and yes then requested a meeting for Saturday due to they needed to know where we stood due to they also wanted a pool company to say they could put in a pool later if they purchased..And yes at that time, still I had no contract, both realtors were there....That is why I am surprised this would be termed as "legal binding contract" which no one presented to me on Saturday, nor Saturday night when they came back with a offer from $362,000.00 to $370,000.00 which my realtor went back to them with a NO, then they came back again that evening with $374,000.00 with me paying closing cost, I said NO my bottom line is $382,000.00.
I would be willing to maybe discuss, but feel as I am being told it would end up in court, cost me $, time and having my property held up in a court battle so not being able to take in any other offers...
I am sure you have this timeline and info correct, but I do want to clarify that I did agree to $362,000.00 on Friday, I signed and my realtor emailed that to their realtor, but I nor anyone else saw that contract till Sunday in an email. ?? I'm very confused at the different information I am getting. But I strongly feel that no contract presented to me on Saturday and 2 other offers (verbally) should be reason enough for me to feel I have no contract with them and if they want to work with me fine, if not get on with it or let me continue trying to sell..
Frustrated, confused and feel I will be loosing money on this beautiful house that could sell for more than $362,000.00
I will let you know the outcome...thanks so much again
Not sure if I get your last part? A bluff how? with getting their pre-approval letter...I'm missing something here, sorry. Oh and sticking to "they already have a contract"?
Got it..Thanks appreciate your response. I will keep you posted.
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