Seller wants out of Contract

We signed on a home last week. Some mistakes were made by sellers agent. We corrected those mistakes, and 1)being the option fee money coming back to us after 10 days, 2)Correcting a typo on my name, adding a ‘T’ to my last name. He got an attorney to write a termination letter after we found out he had a better offer over the weekend. The offer was 11K more than what he signed for us. The contract was executed. The brokers of both sides along with a compliance officer met after the seller turned away the inspection man one morning. Its a mess. I am speaking with an attorney this week. We had a closing date of November 18th. The termination letter stated the reasons for termination were-1)name change, and 2)the option fee box was not initialed by seller. BUT our agent and the sellers agent verbally agreed on that. It was his mistake for not having the box checked right, before sending it our way. We adjusted the 100 fee to the correct box, and now that is the sellers way out. Does anyone have an opinion about this? We are honest and just people… we want to do what is RIGHT. thank you!

By AndreaSun |