Home Selling in 78746>Question Details

David.Mitzel…, Home Seller in Indianapolis, IN

How can a seller withdrawl prior to closing?

Asked by David.Mitzelfelt, Indianapolis, IN Thu Jul 17, 2014

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If you don't have an option period, you should consult a real estate attorney.
0 votes Thank Flag Link Tue Dec 30, 2014
If you don't have an option period, you should consult a real estate attorney.
0 votes Thank Flag Link Tue Dec 30, 2014
Your REALTOR knows the current status of the purchase offer. Very often, all you need to do is wait for the buyer to go goofy.

Your REALTOR will be able to advise regarding the exit opportunities that will present based on many varibales, one being the buyers lender.

Lastly, if you are an unwilling buyer, as others have advised, spending a few dollars with an attorney may prove very beneficial. Be prepared to make the buyer whole.
0 votes Thank Flag Link Fri Jul 18, 2014
Your best bet is to let the buyer know you have changed your mind for personal reasons and want to pull out of the sale. If the buyers have not spent too much money, they are usually reasonable. If they have already paid for the appraisal and inspection, you should offer to reimburse for those costs. A smart buyer will know that buying a house from someone who does not want to sell carries a lot of risks. Even if they threaten to bring you to court, they are not likely to follow through. Too much hassle and no one wants to buy a house under a shadow of a court case. Also, awards in these cases seldom cover more than what the buyer has spent (e.g.. moving company deposit, appraisal costs, etc.). And those companies will usually provide a credit for future moves. Good luck.
0 votes Thank Flag Link Fri Jul 18, 2014
Disagree on the home inspection. Refuse to pay for anything. If there are any large charges, the buyer might get ticked off and rescind their contract.

Your best bet is to hire a lawyer so you don't leave anything to chance.
0 votes Thank Flag Link Thu Jul 17, 2014
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