Cancel A Purchase Agreement

Q: Can I cancel a purchase agreement if the buyers have not removed the contigencies?

A: The answer is in the purchase agreement you both signed. Some contingencies automatically remove themselves (or expire) after a certain amount of time (‘x’ days form signing the original agreement) – some call for the contingency to be removed in writing. Check to see what you agreed on. This is exactly why you review all the terms & conditions, rewarding & understanding each clause, prior to signing.

About the Author

Licensed since 1979, I give you my personal guarantee that your real estate transaction will be the most organized process you will ever experience.

+Rick Landuyt