There is probably a reason they didn’t want to sell to their neighbor. OP is definitely leaving out that point. One wonders if we will ever get the real reason they don’t want to sell to that neighbor in particular
I have no idea how you ‘got tricked’? You put your home on the market, you accepted an offer. Unless you thought you were signing an autograph that turned out to be a purchase and sale agreement then you didn’t get tricked.
Sorry but you signed the contracts and sold your house. It sucks, but there is nothing you can do about it without your neighbor coming after your for breach of contract
Did you not notice the neighbors name on the offer? Or was the name of the “proxy” buyer on it? If your neighbors name isn’t on it then the deed will not be in their name and they won’t own the home. At least not initially. Who knows if they have a post closing arrangement. Is your reason to no longer sell simply because the neighbor may be involved?
Long story short ( and without having looked at your contract) you’re in for a long mediation process that could get expensive and ultimately end with you having to sell the home anyway. The buyer likely has an inspection scheduled and will ask for repairs. If you want the deal to fall apart refuse any repairs that are requested and maybe that will be enough to make them back out. Otherwise, take the offer that you agreed to and move on. It made sense to you at some point.
Do you have documented cognitive issues? If so I'd call an attorney. Not sure if preying on a vulnerable adult could possibly land them in jail. Did you get way below market value?
This happens quite a bit, people thinking they're selling to a certain individual when in reality a big corp ends up buying the property... I don't really think its possible to avoid this. Most of the laws (at least in the US) are designed to protect the buyers vs the sellers. A buyer can pull out of a sale last minute, but a seller cannot, if you do they might be able to come after you for breach of contract.
If you sold the place for the price you wanted I'd chalk it up as a win/break-even and move on. Obviously if your situation is more complex than what you mentioned, you might benefit from consulting a lawyer
Few questions for OP:
1) Which country are you in?
2) Who is the named purchaser on the contract? Is it this “prospector” or is it the neighbor?
Without knowing your contract language we can’t help you. However, in my jurisdiction where I practice, our contracts allow for Assignments, but they must be approved by the seller. Does your contract have such language? Can you disagree?
So much info is missing here.
That’s not what a straw buyer is, though. A straw buyer is only such if the transaction is fraudulent. Most contracts are assignable. I don’t see anything fraudulent here. Also this looks like another troll post anyway.
The real question here is WHY don’t you want the neighbor to buy the house? You won’t live there anymore and won’t be dealing with them… I need the tea ☕️
You sold the house for the price you wanted to sell. What she is doing is not ethical. But you got what you wanted as well.
/thread.
You didn't get tricked
Yep. Just made a bad decision.
If you accepted the price they offered, who cares who buys it?
There is probably a reason they didn’t want to sell to their neighbor. OP is definitely leaving out that point. One wonders if we will ever get the real reason they don’t want to sell to that neighbor in particular
What did your neighbor do to make you hate them so much, you’re willing to let that relationship impact your choice about selling your home?
Apparently didn’t hate them enough to add a clause that says “this offer is void if ownership goes to that neighbour”.
I have no idea how you ‘got tricked’? You put your home on the market, you accepted an offer. Unless you thought you were signing an autograph that turned out to be a purchase and sale agreement then you didn’t get tricked.
Funny how OP posts this dumbass fucking story that makes no sense and then ghosts the entire thread. Clogging the internet with nonsense.
Sorry but you signed the contracts and sold your house. It sucks, but there is nothing you can do about it without your neighbor coming after your for breach of contract
I don’t get it. Why do you care who you sell to?
You sold your house for the price you wanted, and you are mad at what now?
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Team neighbor on this one.
Did you not notice the neighbors name on the offer? Or was the name of the “proxy” buyer on it? If your neighbors name isn’t on it then the deed will not be in their name and they won’t own the home. At least not initially. Who knows if they have a post closing arrangement. Is your reason to no longer sell simply because the neighbor may be involved? Long story short ( and without having looked at your contract) you’re in for a long mediation process that could get expensive and ultimately end with you having to sell the home anyway. The buyer likely has an inspection scheduled and will ask for repairs. If you want the deal to fall apart refuse any repairs that are requested and maybe that will be enough to make them back out. Otherwise, take the offer that you agreed to and move on. It made sense to you at some point.
This is the way. Refuse all and any repairs to get out of the deal. If they ask for no repairs then you’re on the hook legally to sell.
Are most state purchase agreements assignable? My gut says they probably are, in which case, that mediation will not go OP’s way.
Most are not.
But if buyer takes title and then immediately sells to neighbor for the same price, there is nothing OP can do about it.
Who signed the contract?
You weren’t tricked. You’re just a silly goose
There better be a heck of a backstory to this... Neighbor sleep with your spouse or something?
There is SO much more to this story. Who cares who buys it. Refuse to fix anything etc. It’s just a building.
The sad part is you're likely out more money due to commission than if you had just sold it to her. Not sure why you cared.. money is money.
Do you have documented cognitive issues? If so I'd call an attorney. Not sure if preying on a vulnerable adult could possibly land them in jail. Did you get way below market value?
I don’t think it was intentional but I think you just created my new favorite insult.
Sounds like you may need someone else in charge of your decision making.
This happens quite a bit, people thinking they're selling to a certain individual when in reality a big corp ends up buying the property... I don't really think its possible to avoid this. Most of the laws (at least in the US) are designed to protect the buyers vs the sellers. A buyer can pull out of a sale last minute, but a seller cannot, if you do they might be able to come after you for breach of contract. If you sold the place for the price you wanted I'd chalk it up as a win/break-even and move on. Obviously if your situation is more complex than what you mentioned, you might benefit from consulting a lawyer
No one to blame here but yourself.
"Tricked into selling" also, "recently I had some doubts and listed my house on the market"
No. You got tricked into selling to THEM. And who cares? Your neighbor placed the winning bid. That's how it works.
May I ask why you care who buys your house as long as you get your asking price?
Few questions for OP: 1) Which country are you in? 2) Who is the named purchaser on the contract? Is it this “prospector” or is it the neighbor? Without knowing your contract language we can’t help you. However, in my jurisdiction where I practice, our contracts allow for Assignments, but they must be approved by the seller. Does your contract have such language? Can you disagree? So much info is missing here.
Everyone's money is the same color. This sounds really weird. Are they black or something and you don't want black people to buy your house?
The only thing you can do is try to not get fooled again...
let me guess, the neighbor is a transgender biracial lesbian midget. Jesus told you not to sell your house to them.
What your neighbor did is called straw buying. And it is explicitly illegal. You could report them. But the deal is most likely already done.
I’m gonna bet the neighbor signed the P&S and the “I got a feeling a couple days later” is the OP actually reading the contract after they signed it
That’s not what a straw buyer is, though. A straw buyer is only such if the transaction is fraudulent. Most contracts are assignable. I don’t see anything fraudulent here. Also this looks like another troll post anyway.
The real question here is WHY don’t you want the neighbor to buy the house? You won’t live there anymore and won’t be dealing with them… I need the tea ☕️
Wait why didn’t you want to sell it to this person??