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Can you back out of a real estate contract before close?

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Can you back out of a real estate contract before close?
Submitted: 10 months ago.Category: Real Estate Law
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Answered in 5 minutes by:
11/11/2017
Real Estate Lawyer: Loren, Lawyer replied 10 months ago
Loren
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 39,844
Experience: 30 years of real estate practice experience.
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Real Estate Lawyer: Loren, Lawyer replied 10 months ago

Unless you have a legal reason or contractual right, you would be in breach and subject to liability for that.

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Customer reply replied 10 months ago
What kind of liability?
Real Estate Lawyer: Loren, Lawyer replied 10 months ago

Are you the buyer or seller?

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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