Legal Question in Real Estate Law in Virginia

Contract to buy a house

We have put a contract on a house and are due to ''settle'' next week. What are the legal implications if we ''back-out''; decide we don't want to buy the house?


Asked on 1/23/08, 11:24 am

1 Answer from Attorneys
Robert Strupp Robert J. Strupp,Attorney at Law, PLC

Re: Contract to buy a house

You could lose your deposit and you could be liable to the Seller for damages. You should consider discussing this with an attorney.

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Answered on 1/23/08, 1:25 pm


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