Trulia Voices Real Estate Q&A

Rebecca
Buyer & Seller
Severn

Is it possible to cancel a contract on our house? We sold it , and there hasn't been any inspections yet. We

Tue Jul 22 2008, 18:31 - All locations - Home Selling - 3 answers

lost a lot of money in the stock market, and it is going to be really tough to get enough together to pay all the fees as we are losing money on the sale of our house.

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Answers (3)

FIRST: Lynn911.com…

Keith Sorem
Real Estate Pro
Burbank

Wed Jul 23 2008, 07:59

Rebecca
You need an attorney for legal advice.

I would talk with your Realtor ASAP and discuss your options. If you are in the contingency period and just now figured out that you cannot afford to sell, you have no time to waste.

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Vicky Chrisner
Real Estate Pro
Fairfax

Tue Jul 22 2008, 19:08

Agree with Lynn, here. Rebecca - your agent will be able to help you. Real estate contracts are serious business, and these are the things law suits are made of.

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Lynn911.com Dal…
Real Estate Pro
Dallas

Tue Jul 22 2008, 18:57

FIRST ANSWER

Where is realtor? What does your contract state? Is it during the option period? Did the buyer place money in escrow? You will need to forward termination of contract agreement via your agent.
http://www.lynn911.com http://www.homes-for-sale-dallas.com

Web Reference: http://www.lynn911.com

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