 Seller wants to back out of real estate deal...? |
| Without going into great detail I am trying to purchase a house in nc and after making an offer on one the seller accepted but is now saying she isnt well and doesnt want to move. My realator says ... |
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 Can someone recommend an excellent mortgage broker to me? |
| I live in Oakwood Village, Ohio. I need to refinance my home this month. The last mortgage broker I went to did not do a good job. He did something wrong. I have an adjustable rate. After doing ... |
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 There is black mold all over the house I rent, and I signed a 3 year lease, can I get out of it no problem? |
| The mold is on the celiings, floors, windows in both of our bedrooms and in the bathroom. Our veterinarian said our animals can get respiratory problems and at the hospital I work in the infectious ... |
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 My neighbors yard is trash, tvs car parts you name it. What can i do to get my neighbor to clean his yard? |
| Who can i contact, i live in mount airy NC and there house is not zoned for business and fixes cars there plus he is on disability?... |
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 Holding back rent payment.................? |
| I can't seem to get anyone to come fix my toilet. So I'm thinking about holding back my rent payment until they do. Can I legally do that? I'm on a month to month lease, I live in F... |
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 Should I get a home inspection done? |
| Property values in my neighbourhood have skyrocketed. I bought a fixer upper 4 years ago, did about 45 to 50 k in upgrades including new bathroom, new kitchen, new roof, new 3/4 copper pipes, ... |
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 What's the most ethical way to split the profits? |
| My mom and I are looking into buying a condo and selling it in five years. This place is approximately 100,000. She is planning to put down 40,000, and I will be making all of the monthly payments, ... |
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 Should I go forclosure??? |
| I bought a condo 2 years ago and finaced 100%. My interest was fix for the first 2 years which is due on Sept. I have heard that it will go upward after this period. Recently i have my hours cut ... |
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 At what point is a real estate agent being a bully and at what point are they helpfully guiding? |
| My fiancee and I are buying a house that is livable but needs a lot of work. All parties in this deal know this. The seller's agent is being abusive since receiving our home inspector's ... |
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 Shall we pay more for renting a house if other people move in? |
| We rent a house (2 of us) for 450 a month. Now my brother and his girlfriend would like to move in. Can the agancy say that we have to pay extra? I belive we rent the whole house for 450, regardless ... |
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 We rent a house. The landlord is going to repair the plumbing. ? |
| We have been told the water will be off to our residence for up to 1 week. Our family consists of 2 adults and 3 children. Also, both adults (myself and my daughter) work at home. Does the ... |
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| Do sellers ever allow prospective buyers to rent first? |
| My husband is getting a windfall in February and we have just started looking, we have found the ideal house for our family. The house has been transferred to the two grown daughters of the origional ... |
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 HOW CAN YOU BREAK A LEASE AND STILL GET YOUR DEPOSITS BACK? |
| My fiancee just moved in to our apartments a month ago exactly yesterday. the 15th and we have to move to texas A.S.A.P. we paid $200.00 deposit plus a additional deposit of $731.00 that is almost $1,... |
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 Putting an offer on a house? |
| I put in an offer for a house today for $260K, it has been on the market for 60 days at $285K, and saturday it was lowered to $269K. They had an open house yesterday, with a lot of traffic, but the ... |
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mytidbitz | Can I get out of a house contract before my closing date? |
I want to cancel a contract to buy a home. |
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kny390
|
Yes, but you may lose your earnest money. |
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Christine
 |
You can but be prepared to forego your escrow deposit, especially if there is a clause in the contract regarding the seller's damages.
You may also have to pay for any inspections, reports, etc., that you requested, or were requested for you by your agent. |
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Jessica H
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You can get out of buying the house, but you may lose your earnest money. Some contracts have clauses that may let you get out of the contract and keep your earnest money (if the house was found to have more than a set amount needed in repairs, or if there was a drastic change in your financial situation). You would just have to read over your contract to be sure. |
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Tockers57
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yes, but you will probably loose your deposit or earnest money. If you really don't want it, it will be worth the loss. |
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pengy2482
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you can cancel, but you will most likely lose your deposit |
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Stuart
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Call the realtor and / or the lender and say, "I've changed my mind. Please cancel the contract." |
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fire4511
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Depending on the contract and any contingencies, you may be able to cancel the contract. If there are no contingencies, you may be liable for any and all losses that they seller has. The contract that you signed may allow your deposit to be forfeited as liquidated damages, or you may be liable for more!
Consult a lawyer for more information! |
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xtrapr
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Need more information but as said above is not too bad. Contact your sales agent and an attorney. |
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WJW
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As long as it is legal and because of one of the contract contingencies, I tried to cancel a contract to sell a house and was sued for specific performance and was forced to sell the house to the buyer. Consult your attorney before you tell your realtor or anyone else. |
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Searchlight Crusade
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If there are contingencies that are still in effect and that you can justify (the loan contingency is the one that usually works best), then the answer is yes, in general. If there are no contingencies you can justifiably use, the seller can not only keep your deposit but sue for liquidated damages and even specific performance (in other words, make you go through with it).
The final rule in this is "Whatever the courts say," so consult your attorney, but that's the general rule. |
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