Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Real Estate Purchase Agreement Closing Extension
Hi,
I signed a Real Estate Purchase Agreement for a property that currently under construction. The seller/builder delayed the construction for 8 months and now he wants to raise prices claiming that homes have appreciated. I feel like he has delayed the construction just to make it passed the agreed closing date so he can make the agreement invalid and set a higher price. Is this legal? What can I do regarding this matter?