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Breaking home sale deal can be costly in courtIf a written contract is already signed, can the seller cancel or nullify it? I have signed a contract with a buyer and would like to cancel.Got a bad case of seller's remorse, have we? Well, let's get to one key point immediately: A signed contract is a legal obligation -- albeit not always an unbreakable one -- but a legal obligation nonetheless, and that holds a lot of water in court. Not to say that some buyers -- particularly with the current universe of for-sale inventory broader than it's been since the 1990's -- won't just shrug their shoulders, back off and move on to another property, particularly if they haven't tied up too much time, emotion or money (on inspections, financial arrangements or selling their current home, etc.) on your house. But others will hold fast to that signed agreement bearing your name..... click here for complete article Do you have questions on the selling of your home, condo or building lot? Visit 888SOLDin9 to talk with our Jacksonville FL 888soldin9 partner about your personal financial situation. Our Jacksonville FL partner, Jim Tallent buys, sells, renovates and rents homes and properties in Jacksonville FL, Duval County FL and Northeast Florida. |