Quote:
Originally Posted by Woodsy
With an asking price of $4.9M and the added risk of archaeological landmines, I don't see this property changing hands any time soon! The last guy backed out at $2.5M!
Woodsy
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I think the only way a sale will happen is with a purchase agreement that contains contingencies. A good lawyer for the buyer would want to confirm the amount of land that can be built on and have a clause that enables the buyer to cancel if the artifacts or something else, like pollution, prevent or hamper the development. Anyone signing an agreement without some legal protections would be foolish. If the seller is not willing to agree to some stipulations they will probably be sitting on the property for a long time.