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What can be done if the sellers want to terminate contract and buyer is not willing?

Ms.tx
Home Buyer
Kyle, TX

Answers (3)
Bruce Lynn
Agent
Texas

Ms TX,

What's the rest of the story?
The seller's just decided not to move? They have a higher offer? What's the situation?

This is unusual. What does your realtor say?

If you have done everything you need to do in the timeframe you needed to do so, it is typically difficult for the seller to terminate. If however you have failed at some point, for example on closing on time, and now you are asking for more time to close or get financing, it is perhaps possible that seller's will not agree to this and want to terminate. This is normal.

Good luck.

Sun Jul 19 2009, 23:20
Fred Wolfe, ABR
Agent
Marina del Rey, CA

It depends on on lot of things, but if all those things have been done according to contract, You can threaten to sue for "specific performance" and force them to sell the house to you. Threatening to sue and actually doing it are 2 different things. Just the mention of those 2 words might be all that is needed. If not, it is going to cost you some money, which you may recoup, but what you should do is try to put yourself in their shoes and understand why they are going this. Then, take into account "the golden rule" upon which the entire Realtor" Code of Ethics is founded upon, namely, "do unto others as you would have them do unto you." Life isn't fair; it isn't one of our inalienable rights. Hope this helps you.

Sun Jul 19 2009, 20:57
Bill Eckler-Flo...
Agent
Venice, FL
FIRST ANSWER

tx,

This is likely a question best referred to an attorney. The purchase contract should clearly outline the responsibilities of parties involved in this transaction.

It is common that individuals that elect to back out of a contract do not completely understand the consequences of doing so. Our recommendation is that if you really want this home you, your agent, and your attorney assist them in understanding what their obligations are.

Good luck
The Eckelr Team

Sun Jul 19 2009, 06:59

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