Real Estate Virginia

We had a contract to buy a house.( Mortgage approved, closing date etc.) We negotiated some final addendum’s,(closing costs etc) seller did not counter on our last offer on the addendum, but instead asked for a release of contract.The seller then said he would accept a “new contract” at what his last offer was. We submitted the “new contract” at his last offer as requested along with a release for the first contract, (as requested), then received word that the seller, decided not to deal w/us. We are floored, we paid for all the inspections, caved in to their last offer. Do we have recourse?

Asked on May 25, 2009 under Real Estate Law, Virginia

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

I am not a VA lawyer but IF you have a binding legal contract for purchase of residential real estate you have the right to enforce the contract as is. If there is not a contract, and you were still negotiating material provisions of the agreement and offering and countering, you have no deal.


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