Beside talking to an attorney; maybe you should open it up with all parties with the reason why you are changing your mind. A mutual agreement with all parties may get you out of contract as well. Good luck!... more
This is too much of a question for Realtors to answer legally.... Contact a real estate attorney is my suggestion. David Gellman, Stephen Lightfoot, Steven Adair MacDonald, Andy Sirkin...... please go to Resources on my website for a list of Real Estate Attorneys. Good luck!... more
That would depend on you and what you or future buyers perceive as contributing to community. There will be some who beleive that assisted housing houses those that are not "worthy" of living in an area. Then there are those who don't feel that need for mono economic surroundings and are comfortable in mixed income or otherwise diverse communities.
The trend in urban design is to build mixed income housing. we see this in the Hunters Point build-out and in all the replacement of the housing department unitsunder the HOPE VI federal program and HOPE SF at North Point, Ceasar Chavez, and coming soon Potrero and Bayview/Hunters Point.... more
I would say that Glen Park is quiet and fairly safe. I did have my car windows broken about a year ago, but apparently the perps were nabbed committing another crime. Nothing untoward has happened since then. I don't know that I would walk up Diamond or along Bosworth by myself late at night...... more
There isn't a cooling off period in California for property sales like there is for cars. If you're using the standard California Association of Realtors or San Francisco Association of Realtors contract (which most agents do), then take a look at your buyer's remorse clauses that the others have mentioned. They're broadly drafted and allows the parties to cancel for any or no reason up to a point so long as you're all acting in good faith. These two form contracts also contain a series of very important deadlines for contingencies to be removed. Think about these items as the checklist of things that need to happen before escrow can close, e.g., appraisals, inspections completed to buyer's satisfaction, financing. As you can see, they're usually buyer-oriented. But after a point, the progress has become so substantial a buyer's reasons to cancel a deal become less and less reasonable as time goes on and contingencies get removed.
I would bet your real question is more likely focused on your 3.5 percent deposit and whether or not its fully refundable. That answer also depends on the above and human nature in general. Real estate is more emotional than you'd think at first.
Ideally, your agent can answer your question and when making an offer on a property you would have done so thoughtfully so you never get to the point where you want to cancel.... more
One other point you may want to consider. If the pool & patio were not built to code, or worst, built in a defective manner so as to increase the risk of injury or damage to your property, you of course want to know. So when you do your inspection, you want to mitigate this risk of liability by perhaps having more extensive inspection done by a expert specializing in concrete work or pool construction.
Jeffery Woo, Esq.
Sedgwick, Detert, Moran & Arnold LLP
Complex Rental Housing Group
I own a duplex on the Noe Valley/ Glen Park border and keep an eye on home prices and I can tell you that the market here is surprisingly strong. Even though prices have been going down mostly in California, they have gone up slightly in this area. A lot of people being priced out of Noe are ending up in Glen Park and it is gentrifying as a result. Properties are mostly going for a bit over asking price and nothing stays on the market long. Good luck in your house hunt.... more