Seller Won’t Reduce Price

Q: In a contract, as purchaser, buying 20 acres and survey comes back as 19.5 acres; if seller won’t reduce price accordingly, then what

A: Review the terms & conditions of the contract you & they signed. This will ‘shed’ some light on the alternatives. I would think that you & they agreed that you would purchase ‘x’ for a certain price. Since that ‘x’ is not what you believed to be completely what you were buying, the right to rescind should be more in your favor.

About the Author

Licensed since 1979, I give you my personal guarantee that your real estate transaction will be the most organized process you will ever experience.

+Rick Landuyt