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Updated about 3 years ago on . Most recent reply presented by

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34
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8
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Aharon Najafi
8
Votes |
34
Posts

Did the seller sign the incorrect PSA?

Aharon Najafi
Posted

Buying a property in atlanta. I put a stipulation that said the offer price will increase by $1k increments up to $150k if there is a competing offer.

My offer was $120k and there was a competing offer of $130k. The purchase sale agreement came through showing $120 not the new price of $131k. Both the buyer and seller signed this and there was no modification to the offer price on the PSA.

The seller now wants to amend the price to $131k and my broker doesn’t know what to do.

Is $120k or $131k legally binding?

Even though I had the escalation clause the lurch chase price on line 2 said $120k when both the seller and buyer signed

#realestate #realtor #legal

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