Legal Question in Real Estate Law in Pennsylvania
Buyer and Seller Under contract and 5 days later, seller decides he wants to raise the price of the home.
1 Answer from Attorneys
Once both parties have signed the contract, it is a firm contract and neither party can change the terms. There may be options for renegotiation, such as home inspection clause. But one party cannot unilaterally change essential terms of the contract. If you are the buyer You should get a lawyer on your side to deal with this issue if you do not already have one involved. Are there Realtors involved? It doesn't sound like it, or they would be controlling the amok seller.
THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.
* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.
* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.