real estate contracts

Buying or selling a home is a life-changing decision. So, it’s no surprise that sometimes, a buyer or a seller will suddenly change their mind and decide to back out of a signed real estate contract, or home purchase agreement.  Can someone legally do this? The short answer for both parties is yes. But whether you’re a buyer or a seller, canceling a real estate contract can come with a few consequences. In some cases, you could run into serious financial and legal implications.  Can a Buyer Back Out of a Real Estate Contract? As a home buyer, yes, you can back out of a home purchase agreement. What happens next, however, is determined by the terms and conditions of […]