Asked by Rob, Boston, MA • Tue Dec 23, 2008
I put an offer for a house in July. It is a fixer uppper. At the time I felt we got a fair deal. The Seller has been unable to close. The P&S has expired more than 2 weeks ago and have been going with a verbal agreement until I finally had enough. The house has not been given a Certificate of Occupancy from the city. It looks like it might not be able to be occupied for at least another couple of weeks. THere are also construction holdbacks until spring.
If I closed in july before the market tanked, i would not feel so bad, because i would have to accept that I am weathering the market. But without taking occupancy, I do not feel that my original offer is still a good offer. The seller is adamantly against renegotiating.
I would love to move into this neighborhood, but I do not think it is worth what it was in July 2008. What do you think?
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