Wrong lot size on MLS, under contract in due diligence period

[Tikka Koti]

Help Help Help!!! We are first-time homebuyers in NC and are going through a very tough situation.

We recently went into a contract and are currently under the due diligence period. We found that the Seller agent mentioned the wrong lot size (approx 40% higher than the actual lot size) on MLS and decided to back out. But Seller declines to give our DD amount or to further renegotiate, though it is a big mistake from them. The seller's agent simply corrected the MLS now and claims that it is just a typo.

- What action can we take on the Seller's agency or Seller, to get our DD money? We are still under the due diligence period.

Please Help!!! We are first time home buyers in NC and are going through very tough situation.

We recently went in to a contract and currently under due diligence period. We found that the Seller agent mentioned wrong lot size (approx 40% higher than the actual lot size) on MLS and decided to back out. But Seller declines to give our DD amount or to further renegotiate, though it is a big mistake from them. Seller's agent simply corrected the MLS now and claims that it is just a typo.

- What action can we take on the Seller's agency or Seller, to get our DD money? We are still under due diligence period.

Thank you!

[Marian Smith]

@Tikka Koti Are you planning on adding a second building and now the lot size is too small per zoning? Or what you considered part of the parcel is now known to be a neighbor's land? Or just feel cheated? Because if you were happy with the house prior to discovering the lot was smaller than stated then just buy it...or forfeit your deposit if you think it will eat at you forever. Everyone gets buyers remorse. There is also remorse for not buying. I have suffered both.