Legal Question in Real Estate Law in Connecticut

Purchase agreement

I accepted and signed an offer on my property, which had a closing date of April 13, 2007. The buyer has been unable to get approvel for what they want. Now it is May 20 and I have a offer for more and a cash deasl. Am I still obligated to the contract.


Asked on 5/20/07, 8:20 pm

1 Answer from Attorneys
James Aspell Law Office of James F. Aspell, PC

Re: Purchase agreement

Probably not. I would need to look at contract number one, but in all liklihood, if you return # 1's deposit and have your agent (or attorney) send a letter notifying # 1 you are cancelling the deal, then you would be free to move on with nuimber 2.

If you need any help with this, or with the closing itself, feel free to call me.

Jim

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Answered on 5/20/07, 11:56 pm


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