signed contract - Posted by john

Posted by Bill Jacobsen on December 15, 2006 at 20:11:33:

You say you have a signed contract by both parties. I assume you mean the buyer and seller. Are you the realtor or what is your part in this?

I have seen this situation go several different ways. I had quickly written up a sales agreement after seeing a house I wanted. It was signed by the seller. He later wanted to back out. I contacted a attorney who didn’t like my sales agreement so advised me to let the seller back out.

I have seen a judge require performance of the contract and I have also seen cases where damages were awarded.

I know this isn’t the kind of answer that you wanted but I am just telling you my experience and what I have seen.

I am sure your attorney will be able to help you.

Bill

signed contract - Posted by john

Posted by john on December 15, 2006 at 07:48:07:

if i have a signed contract by both parties can the seller back out of the contract because he has a better offer on the house this is prior to laywer app. i live in ny