Legal Question in Real Estate Law in Wisconsin

Re: Can I get out of this contract??

Greetings,

It is impossible to give someone legal advice they can reply on, sight unseen, via the internet. However, I would not build a the house without getting a couple legal opinions in person. Someone would have to read the building contract to get a better idea of your legal rights. My guess is that the only issues will be what kind of notice you give to the builder and whether you will be able to get your $1,000 back. Again, these are just some thoughts, not legal advice, so do not act on the basis of this email, other than to get legal counsel.

Best wishes,

Mark J. Mahoney

Re: Can I get out of this contract??

Most standard "sale of other real estate" contingencies allow the buyer to withdraw from a contract on a new residence and return of earnest money if no sale occurs after a certain period of time. This clause would normally require a good faith effort to sell your old residence, but may not clearly define what steps toward accomplishing the sale you must make. Your "for sale by owner" efforts may be enough. I would have to read your sales contract, but you might have an out if your house does not sell. Good luck!