Several days ago, I signed a contract agreeing to purchase a house; however, since then I had a change of mind due to:
- structural problems with the house
- changing my mind on my personal finances.
To expand on the first point: The structural problems were communicated to me before I signed the contract. The seller agreed to fix them but I find the fixes unsatisfactory. In addition, after signing the contract I was informed that part of the fixes would be done after closing.
I communicated my wishes to back out of the contract to my realtor, and he informed me that if I do not close, the seller will sue. I have contacted an attorney in case the threat is 'real'.
My question is: does the seller have reasonable grounds to sue? In general, what should my expectations be with respect to this kerfuffle?