North Carolina
I am not sure I am in the right category of the forum but I hope so.
Here's my situation:
I have a home on the market and it has about three acres with it but part of my front yard doesn't belong to me but before I built and thought I would live their forever I was told by one of the owners I would never have to worry about it but now I am trying to sell and move out. Here's the deal.
The property is in a partnership. I spoke with one of the partners about buying it to help the sell of my house. He called his partner and they came up with a price and I agreed. I already had a very good potential buyer but couldn't pay for the property until we closed and they were to attend the closing to receive their money for the land. (They have so much they didn't even know where it was). We are supposed to close tomorrow at 3:00 but the partner that lives out of town has changed his mind at the last minuteand thinks it's worth more.
I have moved after living there sixteen years and there is a 2300 sq.ft. shop that goes with the house and it was full so I pretty much busted my ass moving. I have already moved into my Father's home and started spending money to remodel I didn't have.
The buyer has bought a mower, pressure washer, new appliances, paid for a home inspection and the preparation cost doesn't end. I agreed to even let him go ahead and plant a garden which he has worked his butt off in. He is a retired preacher going to marry a Minister of music and both are in their 60's. Both of them have put their houses on the market with realtors, do I need to go on....
The out of town partner came to look at the property today and said boys no way will that price get it and wouldn't even give us a price to think about. He wanted to sleep on it. yeah right.
The property is not worthy of bldg on but he makes out like it is, my realtor said he has been in biz over 31 years and has never had this problem.
I just wanted to air it out and see if I had a legal leg to stand on. Oh by the way the out of town partner is a retired real estate lawyer but one thing is for sure he's not a man of his word.
Am I pretty much just at his mercy or can I take any legal action?
Thanks
sold or not in N.Carolina USA
I am not sure I am in the right category of the forum but I hope so.
Here's my situation:
I have a home on the market and it has about three acres with it but part of my front yard doesn't belong to me but before I built and thought I would live their forever I was told by one of the owners I would never have to worry about it but now I am trying to sell and move out. Here's the deal.
The property is in a partnership. I spoke with one of the partners about buying it to help the sell of my house. He called his partner and they came up with a price and I agreed. I already had a very good potential buyer but couldn't pay for the property until we closed and they were to attend the closing to receive their money for the land. (They have so much they didn't even know where it was). We are supposed to close tomorrow at 3:00 but the partner that lives out of town has changed his mind at the last minuteand thinks it's worth more.
I have moved after living there sixteen years and there is a 2300 sq.ft. shop that goes with the house and it was full so I pretty much busted my ass moving. I have already moved into my Father's home and started spending money to remodel I didn't have.
The buyer has bought a mower, pressure washer, new appliances, paid for a home inspection and the preparation cost doesn't end. I agreed to even let him go ahead and plant a garden which he has worked his butt off in. He is a retired preacher going to marry a Minister of music and both are in their 60's. Both of them have put their houses on the market with realtors, do I need to go on....
The out of town partner came to look at the property today and said boys no way will that price get it and wouldn't even give us a price to think about. He wanted to sleep on it. yeah right.
The property is not worthy of bldg on but he makes out like it is, my realtor said he has been in biz over 31 years and has never had this problem.
I just wanted to air it out and see if I had a legal leg to stand on. Oh by the way the out of town partner is a retired real estate lawyer but one thing is for sure he's not a man of his word.
Am I pretty much just at his mercy or can I take any legal action?
Thanks
sold or not in N.Carolina USA
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