I have found the perfect house finally and put in an offer and they accepted it! I had all the inspections/estimates etc.. done and it came to around $800. The sellers real estate company cashed my $500 deposit. I signed the P&S then it was sent to the seller and he refusing to sign and he is saying he no longer wants to sell and he wants to move back in the house. I also gave the seller’s real estate agent a check for $11,500 which is in escrow. Is this legal???? Am I going to loose this house? Are there any laws that protect the buyer? HELP! please!!!!
Why will I not get my check for $500 back? I believe the seller can not back out and they must go through with the sale.
I do have an attorney and he feels we can will the case. There is a case called the Tobin case which was very similar and they buyers won. I am just devastated.
http://www.silverilaw.com/massachusetts_offer_to_purchase.html
Seller backing out and doesn’t want to sell! Help! (Massachusetts)?
What are the real estate rules for rejected first offers on a house?
We submitted a first offer on a house for $15K less than asking price, much to the dislike of our "buyers agent" who suggested that we offer closer to asking price. The offer wsa submitted at 10pm, by 8am the following morning, we found out that it was not accepted and that we needed to submit another offer at the price our agent originally said. There is nothing in writing showing that it was rejected?
Is there real estate laws / rules that if an offer is submitted in writing, it must be rejected in writing? Or were we just scamemd by our money hungry agent? (in Massachusetts)