Asked by phillipledesma, Pittsburgh, PA • Mon Oct 22, 2012
I presented an offer through my agent to purchase a house on a under a rent to own situation. The seller agreed and we had a date set to sign all the paper work and for me to hand over the agreed moneys. On the day before i received a call from my relator informing me that t he seller had gotten a last minute cash offer and decided to accept the other offer. I am curious, is this legal? Once you have an offer accepted even though it is a verbal one can they back out and sell to someone else. Would it matter if they had sent the counter offer and you had accepted it? I am just baffled that someone can say yes we are going to sell it to you and then on the last day after all the terms are agreed upon and you are going to sign the paper work for the house someone can turn around and back out.
Second question, do i have any legal recorse since i lost money taking off work for the signing and i was not informed of any other interested parites? Thanks for all the help.
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