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cancel active contract?
Can I cancel an active contract? Is it possible. sell it for cheaper price. want to sell quickly. Do you think I can cancel an active contract? Is it possible. sell it for cheaper price. want to sell quickly
Asked By Mohammad T. | Wichita Falls, TX | 24 views | Selling | Updated 5 days ago
Answer(2)
If you have an active contract you cannot cancel the contract. There are some caveats, like has the buyer turned in earnest money. I would suggest if you want to cancel an active contract that you have an attorney review to give you legal advice. As Realtors, we cannot give that type of advise.
- 3 days ago
Helpful (1)
Unhelpful (0)
Amanda Courtney
REP Realty Group
Yes, but it depends on the contract terms. Most buyers can cancel during the inspection period or other contingency deadlines. After contingencies expire, canceling may risk losing the deposit or legal issues.
- 3 days ago
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