Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
I had this happen to me just this week. The negotiations had been going so well and then, for reasons unknown, the sellers became completely obstructive and uncooperative. I represent the buyer and was not at all happy to see a deal fall apart at the last moment. Over the course of the week all the home inspection issues were dealt with in spite of the seller's attitude and in the end they were threatened with litigation to recover the commission as well as consequential damages to the buyer (they gave notice to their landlord and will have no where to go if the deal does not close) if they were to kill the deal so late in the transaction. I am happy to report they are moving forward with the sale.
I have no idea why your sellers changed their minds but if they are out of the attorney review period I would caution them about the potential ramifications of changing their minds at the final hour. It could prove to be quite expensive and time consuming in the long run. It is not something I would ever recommend except under the most extreme of circumstances.
Start by reading your contract. If you have "outs" they will be stated there. You can also just ask to get out or not agree to cooperate with the buyers in terms of repairs or other issues. It really depends on your contract, where you are in the process and the buyerâ€™s willingness to let you out.
If you can't find a clear escape on your own, ask your agent to review the contract or an attorney if you feel your agent may not be the most helpful.