Buyer was looking for 50 or more acres of hunting land with Broker. Seller met them at the property.

Buyer was looking for 50 or more acres of hunting land with Broker. Seller met them at the property. All three walked the property lines. Seller said he "thought the prior owner told him there were fifty acres. Seller presented a tax bill indicating 50 acres of land. Seller said he never had it surveyed. Seller stated that if Buyer wanted it surveyed, Seller would not close until the survey was completed. Broker advised the Buyer that the only way to verify the acres would be a survey. Broker had a surveyor who could do it after hunting season. Buyer said he had to close before hunting season. Buyer ordered the survey and closed on the land. The survey showed the property was as walked, but verified only 40 acres. BUYER:

1) facts:

2) issues:

3) decision:

4) Reasons:

Solutions

Expert Solution

BUYERS PERSPECTIVE

FACTS

To identify exacts acre of land.
Need 50 acres and more land.
To verify the measurement of land he has to hire a surveyor.
Closing deal after survey verified measurement before hunting season.

ISSUES

Found the land but its measurement is still in doubt.
Found the surveyor but he is unable to complete the survey before hunting season.
Verified land after the survey is only 40 acre, it is an issue as he wants 50 acres and more.

DECISION

He will not take this land, and could not finalize the deal.

REASON

A buyer's primary demand is to find, land with measurement 50 acres and more. and after the survey verified land is only 40 acres. So he decided to not finalize the deal as buying land in parts could not serve the purpose.

keosha answered 1 year ago

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