Seller changes mind, what's a buyer to do?

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When Home Sellers Have Regrets

Real-estate agents recall desperate measures that sellers took to try and stop a home purchase.

Great feature article from the WSJ.COM about sellers who change their minds about selling right before closing and transfer of title.

Q:Have you ever worked with a client who went to desperate measures to stop a sale?

Andrew Karigan, 

Karigan Residential Group at Douglas Elliman Real Estate in Newport Beach, California

“Just after we accepted an offer, the seller changed his mind. The buyer would not let him out of the contract, so the seller did everything possible to try and sabotage the deal. The home had a lot of deferred maintenance, and there were issues concerning lack of permits. After getting a large ‘request for repair’ document back from the buyer, the seller refused to do any repairs. The buyer still wanted to proceed. The seller then wrote a disclosure statement stating that the home was haunted. This didn’t work either."

In New Jersey, we have a legal device called a "Notice of Settlement" that gives buyers a fair amount of protection.  But, at the end of the day, you need a good lawyer.

Read the full article here.

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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