Let's say the seller got a better deal.
2007-02-01 08:13:30 · 6 answers · asked by Caliocean 1 in Business & Finance ➔ Renting & Real Estate
No, but there are ways to make the buyer kill the contract for you.
Often a buyer has the house inspected and comes up with a request for repair list. Rejecting any and all buyer requests can motivate the buyer kill the contract. Another way is if the buyer is unable to close before the expiration of the contract can kill the contract on its' own allowing you to sell to someone else. Of course you would have to return the good-faith deposit to the buyer.
2007-02-01 09:58:53 · answer #1 · answered by linkus86 7 · 0⤊ 0⤋
I dont know what that first girl is saying. escrow is the complete opposite. escrow is good faith money that you will not back out. non the less once a p and s is signed by both parties the seller cannot back out for more money. dont worry
2007-02-01 09:35:03 · answer #2 · answered by frankie b 5 · 1⤊ 0⤋
Once papers are signed for both buyer and seller, it is legal. So even if they got a higher offer and they signed papers already, they are stuck with yours.
2007-02-01 08:33:15 · answer #3 · answered by Fun N Sun 4 · 1⤊ 0⤋
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2016-12-16 18:51:35 · answer #4 · answered by ? 4 · 0⤊ 0⤋
if you ratified the contract, you are stuck. Maybe they will ask for things after the home inspection, maybe they will need an extension... those would be opportunities to discuss with your Agent about the legality of accepting another contract.
2007-02-01 10:07:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
the seller or the buyer can always pull back during escrow thats what it is for.
2007-02-01 08:20:55 · answer #6 · answered by yeahyeah132 2 · 0⤊ 3⤋