Comments on: Can you just cancel an accepted conditionless realestate deal 4 days before closing?

By: Realtor Jim

Realtor Jim — Sun, 28 Feb 2010 06:13:59 +0000

I hope your contract had a good deal of money put down on it becuase you will probably be entitled to it. I have a bad feeling that if you put 3 to 4K into ‘meeting the buyer’s conditions’ that the buyer didn’t put a lot of money down in which case even if you sue, your chances of getting anything back are slim.

Talk with a lawyer to discuss your options. If there is some money down DO NOT sign a release of funds back to the buyer until you speak with a lawyer.

Jim Reske, Realtor
ERA Advantage Realty, Inc.
Port Charlotte, FL
http://www.flwaterhomes.com
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By: Glenn M

Glenn M — Sun, 28 Feb 2010 05:30:59 +0000

It is extremely important you need to contact a local attorney asap. While there may be some reason the buyer may be relieved from specific performance (purchase), you need to get the title cleared asap so you can resell the property, and a real estate lawyer is ncessary. The lawyer can also tell you what contractual and equitable remedies you may have. Look for an attorney who has experience in real estate, or advanced certification. Be sure to get another attorney, rather than the real estate broker's attorney. You may or may not also have potential claims against them, and you want someone who doesn't have any potential conflicts, and is fully representing you.
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By: bianca

bianca — Sun, 28 Feb 2010 05:18:59 +0000

keep his earnest money.
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By: txrealestateagent

txrealestateagent — Sun, 28 Feb 2010 04:32:59 +0000

It depends on how the contract reads. I would suggest consulting an attorney.
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