Selling Highlands NC Real Estate, Can You Cancel a Contract?
Can you cancel a contract when selling Highlands NC real estate? Buyers have contingencies in a purchase contract that allow for an exit of the contract. However, getting out of a contract is far more difficult for sellers. A seller does not have the luxury of changing his mind about the sale of his home. As a result, it is essential to have an experienced Highlands NC REALTOR on your side.
Contingencies in an agreement to purchase a Highlands NC home for sale protect both buyers and sellers. For example, a finance contingency is in place so that a buyer can get out of the contract if he cannot secure a loan to purchase the property. Likewise, the earnest money protects a seller in the event that a buyer does not fulfill contractual obligations. Pulling a property off of the market can prove costly for sellers, especially when buyers pull out after a long due-diligence period. While more contingencies seem to protect buyers, a seller can add a contingency by giving a set time period to locate a new property. When a property cannot be found a seller can cancel the contract.
How can a seller cancel a contract?
It is rare and difficult for a seller to cancel a contract for a Highlands NC home for sale. A seller cannot simply change his mind. However, when a contract needs to be canceled by a seller it must be completed by following the protocol to the letter. This should involve both the expertise of a Highlands NC REALTOR and an attorney.
Learn more about selling Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about selling real estate in Highlands NC. We welcome the opportunity to update you on the market while sharing a complimentary listing presentation at the same time. Let our knowledge and experience serve as your guide to selling Highlands NC real estate.
Click here to read “Seller Cancellation Must Be Done ‘By The Book’” from Realty Times.