Thursday, May 22, 2014

I'm buying a house for sale by owner. It was for sale threw an auction by the owner and was not a forclosure. They just wanted to sell fast....

Question

I'm buying a house for sale by owner. It was for sale threw an auction by the owner and was not a forclosure. They just wanted to sell fast. We put 10% down at the time of the auction and agreed to close in 30 days. When we signed the purchase agreement it was dated for 10/4/2014 instead of 10/4/2013. Because the the government shutdown it will take about 3 week longer then the 30 days. Seller wants us to pay him additional $1000 and not take it off the purchase price. Is the fact that the purchase agreement was date wrong going to help me. Buyer said he will keep the 10% that we put down. I'm in missouri.



Answer

If the seller insists on closing within thirty days, they will have to return the deposit. The wrong date on the paperwork, might work in your favor.

Good luck



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