Highlands NC Real Estate, Can Sellers Get Out of Contract
Meadows Mountain Realty, Highlands NC real estate
Can sellers get out of a contract when selling Highlands NC real estate? This is a great question. Especially when it seems like contracts protect a buyer far more than a seller when it comes to cancellation. Contingencies like financing and inspection allow for a buyer to exit a transaction. However, a seller has options. The important thing is to have an experienced Highlands NC REALTOR on your side to understand and navigate the selling process.
Options
There are options for a seller to exit a contract for a Highlands NC home for sale. But, there are not as many options as there are for buyers. This means that a seller does not have the luxury of simply changing his mind. A solid contract is essential. This means having contingencies. One example of a contingency that protects a seller is one that relates to locating another property. In this case, a seller has a right to end a contract if he cannot locate another property to purchase.
Contractual obligations
There are contractual obligations related to a Highlands NC real estate transaction. When deadlines are not met a seller has a right to terminate a contract. Additionally, a buyer may request money or repairs to be made when the inspection reveals issues. However, a seller does not have to agree. When negotiation does not work a contract can come to an end.
Getting out of a contract when selling a Highlands NC property may not be easy and there is a protocol to follow. Changing your mind is one thing, putting an end to a contract is another. Having an experienced REALTOR and an attorney is always a good idea.
Learn more about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about selling Highlands NC homes. We welcome the opportunity to update you on market conditions while sharing a complimentary listing presentation at the same time. Let our knowledge and experience serve as your guide to Highlands NC real estate.