Home Selling in Stratford>Question Details

Baba, Home Seller in Stratford, CT

can a seller change mind after ontract is signed?

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

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You need a lawyer to review the details of your contract. If there were no contingencies, such as building inspections or mortgage approvals, the buyer would be hard pressed to walk away without loosing his right to a return of his deposit. This is why a sizeable deposit is desired. Rich
0 votes Thank Flag Link Tue May 8, 2012
One of the possible consequences aside from those already mentioned is the fact that your agent and/or the agent for the buyer, brought a ready, willing, and able buyer to the table. Each could demand payment of the agreed upon commission in your signed agreement.
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0 votes Thank Flag Link Tue Jul 20, 2010
If you are in an executed contract--signed by all parties--and deposit money was exchanged--do consult with an attorney who specializes in real estate, have all documentation reviewed and inform yourself regarding all ramifications that may/will occur. Your attorney will best advise.
0 votes Thank Flag Link Tue Jul 20, 2010
You would need to speak to an attorney about that as there could be some very strong consequences to backing out of a real estate contract.
0 votes Thank Flag Link Tue Jul 20, 2010
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