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Updated over 17 years ago on . Most recent reply

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8
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Tom Broughton
  • Homeowner
  • Houston, TX
0
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8
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HELP!!!!Problems buying from an estate

Tom Broughton
  • Homeowner
  • Houston, TX
Posted

I have a contract on a house that was scheduled to close Friday.
It is part of an estate sale with a gentleman that had 11 children. I was notified tonight that 1 of the 11 did not want to sign during the session for emotional reasons.
The other 10 want to sell.

It seems unfair that if I decide to back out of the deal, I lose $1K + inspections, but if one of the kids decides to back out of the estate contract, there is no negative impact to their side.

The property itself is less than 100K and has a lot of 3-5 year potential because of its location, but I am not "stealing" the house from the estate.

By the fact that I am posting on this site, I think the property is worth a little hassel. We decided to give the reluctant kid more time to make her decision.

I don't know all the specifics on their side, so I need advice what questions to ask.
And what are my options?

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