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Recent Offer to Purchase questions

As the sellers, we recently signed an offer to purchase from

As the sellers, we recently signed an offer to purchase from HomeVesters, who offered us 50% of what the property is worth. We felt like we needed to accept their offer but realized that we will lose substantial monies that we had invested in the property. The property is located in North Carolina. What legal rights do we have to cancel the offer to purchase. Our buyer has stated the offer is irreversible and asked us to contact their attorney. Can you help us?

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Loren

Juris Doctor

37,126 satisfied customers
I purchased a property recently in the country. Half of

I purchased a property recently in the country. Half of property is fenced, primarily up the side where the driveway resides. The fence has been in place for over 20 years. Seller said fence was ours. We recently upgraded driveway which is enclosed in fence. We recently got survey and found our driveway to be on neighbors property. He has lived in area since 1972 and he assumed that fence belonged to us also. I offered to purchase the 1/2 acre that on his property, he refused and would like an easement written up. However I would not have bought the property had I know driveway was not ours because it would be land locked. Suggestions? Should I have lawyer create easement or adverse possession or do nothing?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: MissouriJA: Has any paperwork been filed?Customer: I just bought land and had survey, no other paperwork.JA: Anything else you want the lawyer to know before I connect you?Customer: That is all.

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Irwin Law

Juris Doctor JD

8,832 satisfied customers
To let you know I am 63 year old women drawing window

To let you know I am 63 year old women drawing window benefits. At the time of the sale of my mobile I was employed and not on social security.I had a 2012 mobile home that I sold to my mom and brother in 2014. I still owed $35,025 on it and just wanted too get from underneath that debt. They wanted to downsize from 80 acres and a house to a smaller house and very little property to upkeep - so they sold. At the same time I had listed my mobile home for sale - they bought the mobile for $66,000 (but the land was not included nor for sale). The mobile was on my 3 acres and still is. In the bill of sale it stated:"SELLER HERE BY TRANSFER TO BUYER'S ALL RIGHTS OF THE SELLER AND THE FOLLOWING PROPERTY MINUS ACREAGE: 2012 OAK CREEK MOBILE HOME FOR $66,000 DOLLARS. THE MOBILE HOME CAN REMAIN AT CURRENT LOCATION UNTIL THE DEMISE OF EITHER MY MOM OR MY BROTHER".I am living with a friend that has a house and 5 acres - I rent from them and have since I sold my mobile home.So... shorty after the sale of the mobile home my job was relocated to the corporate office in a different state - I was laid off. I have worked for 50 years and had only 4 jobs in my life. At which I've never been on unemployment. For the past year in a half I was on unemployment - which ran out and now I am drawing social security for the past 4 months. I definitely paid my share.Due to the situation I need the money and want to sale my property. My mom and brother are paying nothing living on my land and refused to buy or move - said we had a contract til death.So what is my recourse in legally getting them off my property so I can sale? My land butts up to the turnpike highway and the turnpike authority has contacted me in the last couple of weeks and said that they are expanding the turnpike and want to purchase some of the land. I was hopes they would buy it all. But since it is the state I'm sure they are going to give me next to nothing. better then what i am getting now! Not too mention if I refuse to sale, they will just do "EMINENT DOMAIN".

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CalAttorney2

Attorney

Doctoral Degree

20,178 satisfied customers
I made an offer to purchase a house. The seller then made a

I made an offer to purchase a house. The seller then made a counter offer. I agreed to the counter offer and signed the paperwork prepared by the real estate agent. Two days later, I was told by the real estate agent that the seller changed his mind and was taking the house off the market. Can the seller do this? We had an agreement.

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Damien Bosco

Attorney

Doctoral Degree

3,096 satisfied customers
I am about to buy a house. How do I know that title is

i am about to buy a house. How do I know that title is clear?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: FloridaJA: Have you talked to a lawyer yet?Customer: NoJA: Anything else you think the lawyer should know?Customer: The title is being held by five siblings who have inherited the house via the will of their deceased mother.

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Gerald-Esquire

Juris Doctor

5,302 satisfied customers
I would like to review my offer to purchase contract with an

I would like to review my offer to purchase contract with an attorney prior to signing. Is that possible today? I reside in Orlando Florida and condo is in Orlando Florida. I currently live in it and owner is selling. Foreign owner.

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,172 satisfied customers
I went under contract and gave up my earnest money of

I went under contract and gave up my earnest money of 1000.00 dollars. Went back under contract and was going to wire 10,000 dollars and have not done that yet. The Realtor put a 3 day cure notice on my to have that money wired. What happens if I dont. Thanks Fred

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Richard

Owner

Doctoral Degree

47,072 satisfied customers
Real Estate question I just received a letter from an LLC

Hi- Real Estate questionI just received a letter from an LLC company offering to purchase my home on LI, NY. They promise 'A fair price with no real estate commissions, buy in current condition, no repairs required, pay all closing costs, allow me to leave anything I don't want to take with me, and provide proof of funds with the offer to purchase, and fair price cash offer in one day.'This sounds too good to be true, so my questions are,Is it a scam?I am guessing that the offer will be under market value, but relatively how much would it be saving me in time, closing costs, etc?I do not know the market value of my home (been here since '92), but on Zillow it is 240,000 with other homes in the neighborhood, but sold more recently, larger & smaller, 325-over 600,000. I have a mortgage that will have to be settled; ho does tht work with a cash sale, and what exactly IS a cash sale?I am intending to respond to the letter, but am not sure what questions to ask, and what to look out for. What do you think?Should I insist on a lawyer handling this for me, and roughly what can I expect that cost to run?Thanks in advance.

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Roger

Litigation Attorney

Doctoral Degree

33,582 satisfied customers
I am a new real estate agent,I am preparing a Listing. On

I am a new real estate agent,I am preparing a Listing.On the Cathegory:Cooperative Compensation,I have the options : for example 3% "On Net" or "ON GROSS".Whats the difference between the "NET" and "Gross".Can you give an example ,please?

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Ray

Lawyer

Doctoral Degree

35,860 satisfied customers
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