In BC Canada: buyer eager to purchase multiple homes in area, approached me, offered to buy my place, escalating price 3x. Second offer in writing, signed. The *only* contingency was financing. Money was not an issue, evidenced by the many homes he purchased in my area.
After a few months of his efforts to buy, i ok'd the deal privately, countering his offer by email as we had been routinely emailing. He quickly accepted. I did not ask for a deposit due to all his efforts (my mistake).
I found a new home, got an accepted offer via an agent, with contingencies. Within 1 hour of my buyer knowing i had an accepted offer elsewhere, he calls and tells me his brother was not happy with the deal he accepted days ago, and cancelled.
I feel he needs to prove his only contingency, financing. I asked for reasonable effort: 3 banks and the official responses, all which will be shown in court.
Do i have a case? and can i sue to help the other affected folks (seller's agent etc)?
2007-10-02
17:29:56
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5 answers
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asked by
Anonymous