pier sold

Descant · 11-04-2016, 03:17 PM

nhyitbos "There is nothing you can do to ensure that the seller won't let you make the repair then turn around and sell it for a higher price to someone else."

Business deals are not like selling a house where there is a standard contract and everything happens in 30 days. (A house seller can't just walk away from a contract either.)
In a deal of this size, I'm sure both buyer and seller have had adequate legal advice. They are both bound by whatever contract they agreed to and default by either party would have consequences, including a cloud on the title that would stop some other buyer. The seller cannot just walk away and sell to somebody else, whether there are repairs or not.

11-04-2016, 03:17 PM	#7
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,407 Thanks: 1,362 Thanked 1,634 Times in 1,066 Posts	nhyitbos "There is nothing you can do to ensure that the seller won't let you make the repair then turn around and sell it for a higher price to someone else." Business deals are not like selling a house where there is a standard contract and everything happens in 30 days. (A house seller can't just walk away from a contract either.) In a deal of this size, I'm sure both buyer and seller have had adequate legal advice. They are both bound by whatever contract they agreed to and default by either party would have consequences, including a cloud on the title that would stop some other buyer. The seller cannot just walk away and sell to somebody else, whether there are repairs or not.