All Forum Posts by: Tikka Koti

Thank you all for your feedback!

I totally understand DD fee is generally non-refundable, with an exception of the clause if 'Seller breaches the contract'.

- Wouldn't this be counted as a breach since the lot size mentioned on the MLS is very significant (Over 40%)?

The lot size was one of our key criteria for getting in to contract. Also, we gave a big amount on DD. And you are right, we couldn't even doubt it until we visit the house for a second time. Even the agent's estimates or appraisal are based on this data. We provided them (agents) with the actual data. They have just changed the MLS and now conveniently describe this as a minor typo from them. Maybe they are taking advantage of any loopholes in NC real estate law?

Thanks Russell,

But Seller is not giving our DD amount, if we opt out of the contract. Can we file a law suite against them, as it is their mistake?

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!