When can a seller get out of a contract?

Answer by  patti (29325)

Terms of the contract may spell out cancellation options. As the seller, there are situations that allow for the cancellation of the contract. Speak to the real estate agent for specifics in your state and with your agreement.

Answer by  Annief75 (246)

Getting out of a contract can be tricky, and my advice would be to read your contract very carefully before you sign it.

Answer by  John38 (79)

It depends on the specific language in the contract. Generally, when the buyer is out of their contingency period, the seller can force them to comply or cancel.

Answer by  Devin98 (487)

The seller of a property can cancel a contract only if the buyer has breached one of the conditions contained within the purchase agreement. It is the seller's responsibility to then inform the buyer that the breach has taken place and the contract will be cancelled immediately.

Answer by  withluck (1745)

The contract should have conditions outlined that would provide for either party to be released from the contract. Read the contract very carefully to make sure that you can be released without any obligations.

Answer by  asdfdadeq (46)

An accepted offer is binding on both buyer and seller. Buyers have contingencies to fall back on, sellers don't have much!