Full question:
We signed a seller contract with a buyer---not in front of lawyer. Just involved my husand and myself. And other husband and wife buying our house. Due to some problems with us finding another place to live within the time frame of closing date at buyers request we are considering not selling. Do you have any right to back out from selling our home? They did not pay any money down on property for us to hold it. Also, from time contract was signed to closing is less than 30 days. This just does not give us time to complete our move. What are our options?
- Category: Real Property
- Subcategory: Sales
- Date:
- State: Kentucky
Answer:
We cannot provide advice but can provide information. Your questions would depend on the terms of the contract regarding termination or cancellation, as well as what the buyer will agree to. Regardless of the terms, if the buyer and you work it out by agreement to either cancel or extend that would generally be one way to resolve. Any change should be in writing for your protection.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
