Asked by Jennifer, Los Angeles, CA • Tue Apr 29, 2008
After over of a month of granting extensions on contigency removals, our buyer has cancelled her purchase. My husband and I have decided we want to stay put due to some other circumstances. I know our broker is going to be really upset, she worked on our listing for nine months but cancelling our listing right now is the right thing for us. Our buyer has agreed to release the deposit minus fees already incurred by our open escrow. I dont think our broker has any claim to our liquidated damages. If this is the case, I'd like to give her something. Is this customary?
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