February 16, 2011

How To Back Out of a Home Sale Contract

By Marcie Geffner - HSH.com
You've finally gone to contract on your home, and now you're sorry you have. How can you get out of the contract?
"A seller is best-advised to be absolutely firm about wanting to sell real estate," says Joanne Fanizza, an attorney in Farmingdale, N.Y. It's indeed good advice since, as Fanizza explains, sellers face high hurdles if they want to back out of a contract to sell their home
"I've seen situations where sellers thought, 'I'm just not going to sell.' They think the house just isn't for sale anymore. You can't do that after you're in contract," she warns.


Read on: http://library.hsh.com/articles/homeowners-repeat-buyers/sellers-remorse-how-to-back-out-of-a-home-sale-contract.html