Can the Seller Break a Purchase Contract?
By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Can the Seller Break a Purchase Contract? Can a seller back out of a real estate contract? Yes, a seller can back out of a contract under certain circumstances. This article can help, if you have any questions. I am here to assist with as your #ForeverAgent.It’s a common scenario in a hot market – the buyer has their next home within their grasp, but then the seller backs out of the contract. How can this happen and what can buyers do about it?Home sellers back out of signed contracts because of a higher offer, higher appraisal than the buyer’s offer or a financial or emotional problem, such as job loss or the death of a family member, according to Bankrate.com. Some sellers simply have mixed feelings about moving or resent the buyer’s demands. If a seller wants to back out, there are ...
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