Legal Question in Real Estate Law in Pennsylvania
Real Estate
Once a buyer and seller have signed an
agreement, but prior closing, can the
seller change his mind? And if so, what
legal recourse does the buyer have?
(I am the seller)
Asked on 3/13/07, 11:31 am
1 Answer from Attorneys
Matthew Kelly
Kelly Law
Re: Real Estate
Look at the agreement. It should say what the buyer's remedies are. A well drafted agreement (from the seller's perspective) would say they are only entitled to the return of their deposit. If it doesn't specify, they could sue you to make you sell the property to them or to recover thier deposit and other damages they could prove - cost of title insurance etc.
Answered on 3/13/07, 12:13 pm
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