Family Property ?: Can lot be offered to different parties with different conditions?
Under Family Category: Family Parenting
A square of skill in the family has been offering up to the customer outward the family during an opposite price. The family has been told they can suggest upon the skill as well, though usually if they additionally buy the owners out of their share of the opposite skill as well. Is this authorised as well as can any one indicate me to any references?
Thank you!
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4 people have left comments
The problem isn’t the price. It’s the part about having to purchase another piece of real estate if you want to purchase the first.
I remember from my real estate law that this is NOT legal.
A seller can take the top price or the bottom price or any price in between.
Yes, property can be offered to different parties with different conditions. And yes they can accept a lower or higher offer. However, they cannot make you buy more property than you want.
So, if you want to purchase just the one piece, make a formal offer in writing for it.
What is being proposed is completely legal. The seller has indicated that they do not wish to sell to one or more specific buyers unless said buyers purchase the share ownership of an additional property. The sellers are free to offer different terms to different potential buyers.