Legal Question in Real Estate Law in Pennsylvania

Sold home moved out buyer did not close

We are having a home built it will be finished in feb. We sold our home to a doctor who was coming from out of town. Through his realtor and inspector agreed to buy the home with out seeing it. (approx 60 pictures were sent via email). The closing was set for oct 19th at 9:30 am. We were residing in the home at the time and he requested that due to some things found on the inspection report that if we fixed them, he would buy. With that said we fixed what he wanted, put our funiture in storage incurred costs of renting another house and moving my family to a smaller home 4 kids and three dogs. Now he already rented a home in danville and is not buying ours. Other than the stress and monies lost by us is there any legal leg to stand on?

Thanks ray

someone mentioned to me about colateral damage. Please advise


Asked on 10/23/07, 9:54 am

1 Answer from Attorneys
Roger Traversa Arjont Group (Law Office of Roger Traversa)

Re: Sold home moved out buyer did not close

You are asking about a seller balking at buying a home.

Hopefully you have a signed contract for the sale of the home. If you don't you may need to seek redress against your real estate broker.

Real estate sales agreements must be in writing to be enforceable and must be signed by the party to be charged. If you have a contract and there are no contingencies then you may be able to recover all damages in suit.

If there is no signed contract then you need to see if one can be inferred from other documents.

If there is an agreement then you can recover all legal damages from the lost sale. This would include carrying costs for the home, storage fees, possibly repairs made, the loss of the bargain, additional marketing costs, etc.

If you were trying to sell your home without an agent you just learned a costly lesson. Now don't double your error,hire an attorney to prosecute your claims.

Regards,

Roger

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Answered on 10/23/07, 10:08 am


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