Posted by Bill H on February 11, 2005 at 15:39:28:
Have a local real estate attorney look at it for you. It will be worth the $$$ to get his opinion…not… one from off the internet.
Good Luck,
Bill H
Canceling a Sales Contract - Posted by Jason Kelly
Posted by Jason Kelly on February 10, 2005 at 10:58:10:
Last month I signed a sales contract for the sale of my house. Since then, my wife has been having complications with pregnancy and may need to be placed on bed rest. I’d like to cancel the sales contract and allow my wife to take the time she needs. How can I get out of the sale?
Re: Canceling a Sales Contract - Posted by Tom-FL
Posted by Tom-FL on February 11, 2005 at 23:15:54:
When I saw your subject line, I thought “Oh not again!!”. I was all ready rip you up one side and downt he other. Most of those posts have some patently lame reason for backing out. Yours is the first understandable reason I’ve seen. Congratulations.
Anyway, I would have my attorney make up a release of liability for the buyer to sign, then I’d return all of his deposit, and reimburse him for any out of pockets (like loan app fee, title search, survey, that sort of thing). Then I’d tack on an appropriate bonus for his time and effort invested.
Second plan might be to just try to kick the closing date out a few months.
Either way, do it in your attorney’s office if possible.