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Restaurant set to open in WM I recently read an article on a real estate transaction that occurred in Hawaii and added an important lesson to my continuing education.
The dispute was between a buyer and seller over development land on the island.
The land was advertised as a beautiful and secluded place where the constant sound of a waterfall could be heard day and night. It sounded to the buyer like the perfect location.
The buyer signed an option to Purchase with a large Deposit, to be forfeited if he did not close. At the same time he signed several addendums to the Option Agreement including an 'as-is' addendum and a 'Tree Frog Pest Alert' addendum. The buyer decided not to visit the property and canceled the Option to Purchase and forfeited his Deposit. .....For the full story, subscribe to the The Ouachita Citizen's NEW E-Edition!
Bill Roark is a Commercial Associate Broker at Keller Williams Realty and may be contacted at bill_roark1@yahoo.com. |
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