Sunday, March 10, 2024

Purchase Real Estate Contracts Are Not Binding

 The buyer for our curret husefound out that installing a pool, extending the garage, reflooring, and adding an office was not free and has exited the contract with no consequences.  I just hope we can resurrect the mortgage in time for the March 25th closing date.


  1. Doesn't the buyer at least lose his "earnest money" deposit?

  2. You need to stop using the MLS contract form and have an attorney draw one up that has actual "teeth".