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Seller Backing Out |
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I am selling my house. If a purchase agreement is signed by all parties but no inspection or appraisal has been done yet.
Can the seller "back out" of the purchase agreement if a better offer comes in?
In other words, how many hours / days do you have to break the legal contract?
Thanks, |
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I don't know what the contract says, but my guess is that the seller can't just back out and void the contract at this point. A well-drawn contract will make it clear just what rights the seller has and what time limits apply. Better take the question to your lawyer if you really mean it. |
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Edith
Originally published on July 13, 2007 |
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