Legal Question in Real Estate Law in North Carolina
daughter put $500 in good faith towards a home. She paid for inspection and found home needed 5999 in repairs. Seller refused to sell at price but then agreed "didn't want to lose sale. He told his realtor that he would fix all repairs. Meanwhile, daughter has someone to take over her current lease. Today, seller stated to realtor that he was not fixing repairs except the rotten wood (exterior) house because that's all assessment documented. Daughters date ran out 4/10/13 and she will loose 500 plus will be in default of loan 450 for assessment if does not take house by closing date.
1 Answer from Attorneys
Unfortunately, if she signed a purchase agreement without having the specific repairs listed, the seller is not required to make any repairs. She should consult with a real estate attorney if she wants to see if she can back out and still get her money back, but its unlikely based on the information we have here.
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