Legal Question in Real Estate Law in South Carolina

Re: legal advise

The whole purpose of a real estate contract for the purchase/sale of property, is to protect and "bind" each party. Basically, once the buyer and seller sign a contract along with the usual ernest/deposit money, both sides have been provided certain assurances. This means that the seller has now been assured that the property is being purchased, and the buyer has now been assured that he/she will be able to purchase the property. Therefore, if a person wants to "get out of the contract," then usually one of two things must occur. One, the party that wants out may contact the other party and simply ask that the contract be terminated. If that doesn't work, then the party that wants out of the contract would need to look to a variety of different things to see if they might have any legal reason for terminating the contract. Those things can vary greatly. The actual contract itself usually determines if there is a legally justifiable reason to terminate it. So, to answer your question, it all depends on the contract and if all of the terms have been met. There is no one way to "get out of a contract." If there was, then there simply would be no need for the parties to do a contract as it would have no binding affect. The best thing you can do to see where you legally stand with obligations to a contract would be to have an attorney review it and allow that attorney to ask whatever questions that he/she deems necessary in order to provide you with the information that you will need to see if you can "get out of the contract." The question you posed here is simply too short and vague and cannot be specifically answered without more information. You are more than welcome to call if you would like to have this contract reviewed. Sincerely, Robert Johnston