Legal Question in Real Estate Law in North Carolina
I have accepted a written offer on a piece of realestate I am selling. We have not had the official closing yet. What are the legal repercussions the buyer may have if I back out now. I have received a higher offer today.
Asked on 10/21/13, 9:06 pm
1 Answer from Attorneys
Depending on how the offer is written, the buyer can sue you either for return of the earnest money or specific performance.
Answered on 10/21/13, 9:50 pm
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