We have been house shopping for the last several months. It has been a frustrating process as we have not found any that WOW us, and most that make us "go WTF is this?". Probably looked at 50 houses. So on Monday of this week we find the one that does check ALL the boxes (New roof, custom kitchen, large fenced lot, pool, etc....). House has been on market for less than a week and had 4 offers so we know it is going to take a strong offer. We literally walked thru the house, talked with our realtor in the street out front, and offered just under asking right then and there, which the owners took verbally. The following day we presented written contract which sellers signed. This past week I did all the leg work, put down earnest money, got mortgage quotes and putting in applications, etc (of course I was pre-approved months ago, prior to our looking... and had a major issue with that once we put in the offer... but that is a different story). And we have the inspection scheduled for today, closing in early Aurgust. Plus I started prepping our current house for the market, as in rented a storage unit for crap so we can show the house, scheduled a "deep cleaning" of our home, having presale inspection to find problems and fix (this is Monday) and even have my contractor coming Monday to fix some known issues, as well as the moving people coming to give a quote (also on Monday)...you get the picture, right?
Last night, my realtor calls. Seller reconsidered and does not want to sell. Initially it was "wife changed mind", then it was "decided to get divorce"....however we think they may have gotten a better offer but don't know.
So what do you do?
We are going forward with inspection today, and I forewarned inspector they may not allow it.
We have consulted with attorney who says we have a case but would go to mitigation before court, and even if we won, odds are we can't force the sale, just "compensation" ---- which who knows.
I am leaning towards enforcing the contract.
WWYD??
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