Home for Sale Contract Help?
I am the owner of a home, and my contract says that the tenant will purchase in 1 yr with down payments of 10,000 due in 90 days, and 15,000 due in 90 days after. It is the 8 month now and we have not received any down payment. We were being lenient with the buyer because his business was slacking. We now know he has money, but he is getting cold feet. The contract says he has 1 yr to purchase and if he chooses not to buy he will lose the 25k down payment. But no down payments has been made, so what can i do, if he chooses not to buy the home.
Am i entitled to the 25k?
Anyway to force him to buy the home? any ideas?
