I signed a purchase agreement to sell my house . I decided not to sell the investor paid for the title am I obligated to go through with sell
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I signed a purchase agreement to sell my house . I decided not to sell the investor paid for the title am I obligated to go through with sell
We signed a purchase agreement. I had liens
on my property so the amount of the liens has
to come off purchase price . I am not satisfied
so I do not want to go through with sell
Asked on October 10, 2018 under Real Estate Law, Indiana
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
Yes, you are contractually obligated to through with the sale: you signed a contract, and that contract can be enforced against you in court. You could only escape the contract if:
1) There is some contingency or provision in the contract which allows you out under certain circumstances and you fully comply with it.
2) The other side breaches or violates the agreement in some material or important way, such as by not depositing or paying some amount the contract requires them to.
3) The other side committed fraud by lying to you about some important fact to get you to sign the agreement.
Otherwise, as soon as you signed, you were locked in. Your dissatisfaction is irrelevant legally.
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