We made an offer on a home we LOVED - the buyer accepted the offer then found out he could not get a loan for his next house, so he backed out. We needed to move so we kept looking and found another house - more expensive, but we did not like it as much as the other. Everything has been done, aside from closing - purchase agreement, inspection, remedy request, release of financing. Scheduled to close on July 2. Just found out today that dream house is going to be sold - couple separating. Can we, without being sued, switch and purchase the house we initially wanted? Iowa real estate laws.
have a real estate agent - she is the agent for the dream house as well, but works for the same company as the realtor of the house we are currently in the process of buying. She is also the realtor for our surrent house.
