Canceling Your Real Estate Contract - What to Expect When Backing Out of a Deal

author Plymouth Homes TV   4 год. назад

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Things happen in life and there are times when you have to back out of a signed real estate contract. This can be a rather scary situation and you may be wondering just what might happen if you do so.

The potential consequences for backing out of a real estate contract vary. What you are liable for will be spelled out in the contract itself. With few exceptions though, a seller cannot FORCE you to buy their home by taking you to court.

As I see questions come up from time-to-time in regards to what a buyer who has a signed real estate purchase agreement needs to do when canceling that contract, I decided to create this video and post it on my real estate video blog at PlymouthHomes.TV to benefit other homebuyers who are working through this issue in the future.

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