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seller refuse to pay closing cost,which was agree on ,due to house was apprase for less.

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December 18 2008 - Newark
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Profile picture for falsedawn
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I'm sure it's been resolved one way or another by now...

Was there really any need to resurrect a 6 month old thread?
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June 24
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lance, you really think they haven't resloved this since december 18th????
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June 24
You should ask the Realtor and your Attorney to resolve these issues by reveiwing the terms of the contract with you.

Secondly,you need to have your Attorney take the lead on this matter due to the fact that the terms of the contract are in question.
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June 24
How are your negotiations going?
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December 19 2008
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the purchase agreement should cover this in full. It should also cover what happens if the property does not appraise for the purchase price. If a Realtor was involved you should discuss this. If not then you may be in default of the agreement if you cancel the sale.
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December 19 2008
It should have been written in your contract regarding the appraised value.  Try to re-negotiate the offer with the lower sale price based on the appraisal, and then possibly the closing costs would be less also, as those are based on sale price.
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December 18 2008
 

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