Highlands NC Real Estate, Can Sellers Pull Out of Contract?
Can sellers pull out of a contract when it comes to Highlands NC real estate? This is a great question without a simple answer. Buyers have many contingencies that protect them and offer them an out through the buying process. Sellers, on the other hand, have a bit of a tougher time. Unfortunately, simply changing one’s mind is not possible in most cases. An experienced Highlands NC REALTOR will offer advice and information so that sellers know exactly what to expect from their contract.
Contingencies play a role
Contingencies are an important part of every Highlands NC real estate contract. Ultimately, the contingencies are negotiable and include items like appraisal, inspection, and financing among other things. Each contingency is tied to a date and these dates are negotiable and important. When a seller wants to put an end to a contract it should be related to a contingency. For example, when dates related to contingencies are not met the seller can cancel a contract. Likewise, a seller may have a contingency in the contract that will end the agreement if he is unable to locate a property to purchase by a certain date.
It is no easy task to change your mind when selling a Highlands NC property. However, having an experienced real estate attorney on your side can prove helpful. It is important to protect yourself legally and make sure that a contract is canceled by the book. As a result, the decision to sell real estate should not be entered into lightly.
Learn more about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about selling homes in Highlands NC. We welcome the opportunity to update you on current 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.
Click here to read “Seller Cancellation Must Be Done ‘By The Book’” from Realty Times.