We just put an offer in on a home that we fell in love with after looking for one for about six months now. The owners accepted our offer right away. They have moved to Canada and had their daughter living there for a while with her kid(s). They had offered the house to their daughter to buy but she thought that they should just give it to her and refused to buy it so the owners put it on the market with a realtor. So that is the story up until our offer. Now we just found out that the daughter is mad that her parents are selling and she told them she would disown them and never talk to them again if they sold it to us. The parents have decided to sell to her at half the price we were offering now because of her threats. I am so mad!!! What can we do legally to get this house because we really want it and were sort of already planning our move, plus they accepted our offer while it was on the market! I live in Grand Rapids Michigan if that helps anyone find out the laws for me. Thanks!
The daughter never wanted to buy the house, she just wanted to live there on her parents dime and trash the place. She was offered the home and refused. We do not want to step on anyone’s toes but this is ridiculous. My husband did sign something and they have our earnest deposit too. We did use a realtor, in fact he is the listing agent on the house so he is upset too.
If they accepted your offer, they can not recind that. If you both had the offer and acceptance in writing and have satisfied your end of the contract that it requires thus far, they are s.o.l. You still have a right to the house and you could easily fight that in court and win under a breach of contract claim.
You will need to contact a lawyer. Your realtor can not give you any legal advice. Unless he/she is a lawyer too.
By the way, all the people who think you don’t have a contract before you sign the closing papers are wrong. You do have a remedy. Go ask a lawyer immediately. Where’s Coragryph? He would say the same.
Edit: Also let me add that if the court doesn’t award you the house, i.e.specific performance, they will still award you a monetary value for the increase in the fair market value of the house. If you offered 300k and the fair market value is 320k, they will award you the 20k plus attorneys fees and court costs. Hope that helps.
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