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Asked by Stan Smith, California Sun Apr 27, 2008

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CJ Brasiel, Agent, San Jose, CA
Sun Apr 27, 2008
Stan -

I have to start with the disclaimer that I am not a real estate attorney and it is always best to consult with a real estate attorney for specific advice. Assuming that the buyer has completed the items of the contract in full and there are no outstanding contractual obligations, the seller's withdrawal from the contract could be considered a "breach of contract" and could be remedied in many different ways. It could cost commissions, and/or liquidated damages, and/or a court could order completion of the contract....or....

If you, as the seller, are considering backing out of the contract, I would consult with an attorney promptly.…

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1 vote
Amy Keown, Agent, Boca Raton, FL
Sun Apr 27, 2008
Hi Stan,

A sales contract is a legally binding contract. The buyer can sue you to perform your duties in the contract.
1 vote
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