What is the name of your state?What is the name of your state? Wisconsin
Here is the story.
My wife and I had an accepted offer on a house, 2 weeks prior to closing, there was a fire at the home in the neighborhood of 80K, roughly about 2/3 of the purchase price. We were supposed to close June 15th, but since there was a fire, we signed an amendment(prior to the original closing date) to extend the closing date out until September when the repairs will be completed. The problem, the seller won't sign an extension.
We are interested in the property regardless of the fire damage as a lot of repairs are improvements, things which needed to be done at some point anyway.
There are a few other interesting items of note. The seller originally was planning on selling the home and moving out of town, but something changed and she would like to stay in the same town.
Is the seller bound to the original offer to purchase? What types of options do we have?
Here is the story.
My wife and I had an accepted offer on a house, 2 weeks prior to closing, there was a fire at the home in the neighborhood of 80K, roughly about 2/3 of the purchase price. We were supposed to close June 15th, but since there was a fire, we signed an amendment(prior to the original closing date) to extend the closing date out until September when the repairs will be completed. The problem, the seller won't sign an extension.
We are interested in the property regardless of the fire damage as a lot of repairs are improvements, things which needed to be done at some point anyway.
There are a few other interesting items of note. The seller originally was planning on selling the home and moving out of town, but something changed and she would like to stay in the same town.
Is the seller bound to the original offer to purchase? What types of options do we have?