If a buyer discovers zoning restrictions before closing, what can they do?

If a buyer discovers zoning restrictions before closing, they have the right to cancel the agreement without penalty. This situation typically arises because zoning laws can significantly impact how a property can be used. If the buyer finds that the intended use of the properties they are considering is restricted by local zoning regulations, they may decide that the property no longer meets their needs or expectations.

The ability to cancel the agreement without penalty is often outlined in the purchase contract, particularly when it includes contingencies regarding zoning, inspections, and other due diligence items. This protects the buyer by allowing them to back out of the transaction if crucial information, such as zoning restrictions, comes to light that would negatively affect their decision to purchase the property.

While other options might seem appealing, they do not fully address the buyer's rights and the implications of discovering zoning restrictions. Renegotiating the price might not be feasible, and seeking legal advice could be a prudent step, yet it doesn't resolve the immediate concern about the property's usability under current zoning. Proceeding with the sale without addressing the restrictions could lead to significant issues for the buyer in the future. Therefore, the most appropriate action in this case is to cancel the agreement without any penalties.