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Is it possible to have a real estate contract rescinded after closing if something wasn't repaired as stated in the contract and is NOT considered repairable?
Wiki User
∙ 16y ago
This is one of those "speak to competent legal counsel" kinds of questions, but the basic answer would be "no". However, that doesn't end the matter. The question for you is, "is the problem bad enough that you are willing to go to court and sue for damages?" Did the seller promise to repair the water heater, and it turns out to be still broken and unrepairable? Probably not worth the hassle. Get a new one and move on. However, that 100' long deepwater dock that was the major reason you bought that $2 million house, and it turns out that it's unsafe and the county won't allow repairs is an entirely different matter. The house may now be worth far less than you paid, and you may not be able to use the property as you had originally intended. You need a good real estate lawyer. The "Reasonable person theory" applies here. If you do decide that the reasonable thing is to get a lawyer and fight it out, you should get one that specializes in real estate law.
Wiki User
∙ 16y ago
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