I have a signed agreement of sale for my house, which is contingent upon the sale of the buyer's condo. Since the sales contract was signed, the house next door was put on the market, and the buyer now says that she wants to buy that house instead of mine.
My agent sent me a release form to sign. I told my agent that if the buyer wants me to sign a release form, the buyer will have to pay me for it.
It seems to me that the buyer has a few choices. Either she can continue marketing her condo for sale, and once sold, buy my house, or she can pay me to sign the release form, and then submit an offer for next door, or she can take her condo off the market and forget about buying anything right now.
How much money should I ask for to release her from the sales contract - if she wants to pursue buying the home next door? My sales contract was for roughly $270K and the larger house next door is listed for $300K. Many thanks.
My agent sent me a release form to sign. I told my agent that if the buyer wants me to sign a release form, the buyer will have to pay me for it.
It seems to me that the buyer has a few choices. Either she can continue marketing her condo for sale, and once sold, buy my house, or she can pay me to sign the release form, and then submit an offer for next door, or she can take her condo off the market and forget about buying anything right now.
How much money should I ask for to release her from the sales contract - if she wants to pursue buying the home next door? My sales contract was for roughly $270K and the larger house next door is listed for $300K. Many thanks.