QUESTION
I am buyer in contingency to sell my home contract: Seller of home claiming I breached contract so he can take higher backup offer.
Asked on Jun 13th, 2018 on Real Estate - Pennsylvania
More details to this question:
Claiming, on day 6 of contract, we did not "list" the property on MLS by day #5. By then we already had a buyer and are ready to complete all terms of contract quickly. They are interpreting..."Buyer will do what is reasonably necessary to sell buyer's prop. including, but not limited to, authorizing broker to....." as MUST LIST on MLS even if I already have a buyer for my home.
1 ANSWER
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I don't see a question but I'm assuming you are asking what you can do about this? I'll start with the practical; are you willing to fight to keep the seller's property under agreement with you? That'll likely cost you money up front to try and prevent the sale to the other buyer. If you're wrong, you might give the seller a claim against you for the increased purchase price. It would be even worse if you can't fulfill your contingency and sell your home. There's risk in pressing the issue.
Answered on Jun 20th, 2018 at 7:10 AM