Home Selling in Stratford>Question Details

Baba, Home Seller in Stratford, CT

Can a seller change mind after contract is signed?

Asked by Baba, Stratford, CT Tue Jul 20, 2010

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If you have changed ANY terms of the original contract the Seller can refuse to sell. If you have made any building inspection requests, changed the closing date or asked for a mortgage extension. Even if none of these thing have happened the Seller can change their mind...not legally but what recourse does a Buyer really have?? You could put a lien on the house to prevent them from selling; you could sue them for "specific performance". Both of these are expensive and take time. The best advice I can give if this has happened to you is that although it is NOT right or legal, try to recoup any expenses you have incurred and move on. You should, of course, consult an attorney as this is a legal matter.
0 votes Thank Flag Link Tue Jul 20, 2010
If the buyer tries renegotiate after the inspection, you do not have to agree to any changes to the contract. If they want to walk at that point, you can mutually rescind the contract. You also do not have to agree to any extensions. If they don't meet all of the contract times, you may have grounds to terminate. Check with your attorney if you want to go that route to make sure you do it legally.
0 votes Thank Flag Link Tue Jul 20, 2010
Baba,
Definitely consult with an attorney.
lf you do not have an attorney call me and I will give you a few names.
Hannelore
203-653-6619
0 votes Thank Flag Link Tue Jul 20, 2010
You really must speak to your attorney about this.

Once you have signed a contract, then you have agreed to sell your home and you may be legally bound to sell that home. If you choose not to, then the buyer may have the right to sue you for specific performance - to make you sell the home to them, as well as sue you for any damages.

Again, you need to speak to your attorney about your specific situation.
0 votes Thank Flag Link Tue Jul 20, 2010
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