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can a seller back out of a real estate contract in texas?
I am trying to purchase a home and the seller wants to back out, is this okay in Texas?
Asked By Dale | Brookshire, TX | 1161 views | Selling | Updated 3 years ago
Answers (2)
Bob Fall
Century 21 Lee-Mac Realty
Hi Dale! Sounds like a frustrating situation. The answer to your question is... maybe. It all depends on how the contract is written and how your state has interpreted said contracts in the past.
Some contracts allow ways to back out of the contract. For example; inspections, appraisals, and the ability to finance are common contingencies in my neck of the woods.
My best advice would be to reach out to an attorney that specializes in real estate. They will likely want copies of the contract and ask questions to better understand your situation.
Good luck and God Bless!
Some contracts allow ways to back out of the contract. For example; inspections, appraisals, and the ability to finance are common contingencies in my neck of the woods.
My best advice would be to reach out to an attorney that specializes in real estate. They will likely want copies of the contract and ask questions to better understand your situation.
Good luck and God Bless!
- 3 years ago
Helpful (1)
Unhelpful (0)
Jessica Juel
Arterra Luxe
I apologize as I know this question was originally asked a few years ago, but I wanted to respond in case it’s helpful for future buyers who may come across it, and I was previously licensed in Texas.
In Texas, once a real estate contract is signed by both the buyer and seller, it’s generally considered a binding agreement. A seller typically cannot simply back out without a valid reason outlined in the contract.
There are certain situations where a contract can be terminated, such as specific contingencies or if both parties agree to cancel. Otherwise, the buyer may have legal options depending on the circumstances, so it’s important to have the contract reviewed carefully.
In Texas, once a real estate contract is signed by both the buyer and seller, it’s generally considered a binding agreement. A seller typically cannot simply back out without a valid reason outlined in the contract.
There are certain situations where a contract can be terminated, such as specific contingencies or if both parties agree to cancel. Otherwise, the buyer may have legal options depending on the circumstances, so it’s important to have the contract reviewed carefully.
- 2 days ago
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- Unhelpful (0)
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