Seller Back Out
This is probably an obvious anser but here it is -
If the seller and buyer agree on a sale of a home (verbally), there was no written contract signed. They both talk to escrow and escrow writes up the agreement but there is nothing signed still about the sale - Can the seller back out because he/she got the appraisal done and it came back ALOT higher than he/she were selling the house for?
Thanks
If there is no signed contract, then there is no agreement.
Roger
This is why you carry your contracts with you.
Thank you very much - I'm glad I dont carry my contracts with me
Thank you very much - I'm glad I dont carry my contracts with me
I will add that any of the above should not be considered legal advice, especially since it now sounds as if you're the seller. Before you put yourself in a possible legal situation, you should discuss it with a local real estate attorney to be SURE of the answer.
Also, keep in mind that an appraisal and FMV are NOT the same thing. So, if you are the seller, be sure of your decision before you commit.
Roger