Legal Question in Real Estate Law in Missouri
Can seller back out of contract
We recently signed a contract for a property. The closing is within three weeks. So far we have met the contingencies of the contract. Now the seller does not want to sell us the home anymore due to more money being offered for the property. Will the seller be able to break the contract with us?
Asked on 9/27/05, 2:06 pm
1 Answer from Attorneys
Richard Stevens
The Stevens Law Firm
Re: Can seller back out of contract
the answer depends in part on the terms of the contract. read it carefully. generally you would have the right to sue for any damages incurred or for specific perfomance-to compel the seller to complete as agreed.if the seller balks hire a lawyer.
Answered on 9/28/05, 11:57 am