2007-05-13 07:16:15 · 5 answers · asked by Curious999 1 in Business & Finance ➔ Renting & Real Estate
It would depend if there are any contingencies that are outstanding. If not, then you risk the money you put in escrow, possibly more.
You should speak with an attorney you can review the contract to see if there is anyway out.
If you are referring to an OFFER to purchase and not a CONTRACT then you should be fine.
http://othellorealty.com
2007-05-13 10:40:55 · answer #1 · answered by Real Estate Guy 2 · 0⤊ 0⤋
Start by seeing what you can work out with the other party to the deal. You probably have already signed a binding contract, so you can't just back out even if you haven't closed yet, unless contingencies were written into the initial agreement that actually takes place.
2007-05-13 14:20:02 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Read the Sale and purchase agreement VERY CAREFULLY.
Is there any escape clauses?
Is there anything you must approve before the sale closes? If so don't approve it.
BOB F
2007-05-13 14:21:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It depends on the contract and where you live. Each state (assuming you're in the US) can regulate such contracts as they see fit. As another person suggested, read your contract carefully to learn your options. More info would help. Are you the seller or buyer? Where do you live?
2007-05-13 15:05:44 · answer #4 · answered by Chuck Z 2 · 0⤊ 0⤋
Ask your realtor. You may have to pay her the % she owed because you pulled out of the deal.
2007-05-13 17:32:04 · answer #5 · answered by dtwladyhawk 6 · 0⤊ 0⤋
In your contract...
2007-05-13 14:18:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋