QUESTION
can negotiations to sell real estate be enforced?
Asked on Mar 07th, 2015 on Residential Real Estate - Colorado
More details to this question:
The house I live in was left to me and my brother by our mom. He wants to sell, i want to buy his share. I was unable to get a bank loan so we agreed on terms to do a contract. He didn't follow through with a contract and instead filed for a partition. I have emails with all the terms agreed upon. He expected me to send money according to these terms but as rent. Money i did send was accepted by him. I'm hoping he can be bound to our original negotiation.
1 ANSWER
3 Awards
If you have a contract it can be enforced. If your brother is bringing suit to Partition the property you will likely get a chance to purchase at the end of the judicial proceedings, but at what price?
You should consult a local attorney to help you protect your rights and investment.
Answered on Mar 11th, 2015 at 12:27 PM
Call Don at (303) 688-0944 or email at Reception@RobinsonandHenry.com This information is provided AS IS; and does not create Client Relationship.