You should have the contract reviewed by an attorney for validity. Many contracts are poorly drafted or improperly signed even when drafted by an attorney. An invalid contract may be your only possible solution. It would be worthwhile to have the contract reviewed as soon as possible to determine if your deposit can be saved. If the contract is valid then you are bound by the agreement. In that case perhaps the attorney could negotiate with the other party on your behalf to lessen the consequences.
Reminder: A contract is executed in order to create a legal obligation to honor an agreement. One of the main purposes is to prevent one party from "backing out" without suffering consequences. Generally, you can't get out of the contract unless there is an escape clause. For example: "This offer is contingent upon a satisfactory purchase and sale agreement acceptable and approved by the buyers attorney within 14 business days"
A real estate contract may be executed by the buyer and seller; trustee; attorney; builder/contractor. Any party to a real estate contract may execute a real estate contract.
Prove that the Real Estate Agent has not completed his/her duties afforded to you in said contract.
If both parties agree that they do not want to pursue the contract for the purchase and sale of real estate they can mutually agree to void the contract.
Generally, if an offer was accepted and signed the decedent's real estate is subject to the contract and the estate representative can complete the sale once they have been appointed.
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
Upon both the buyer and the seller signing the contract.
Where can I find a termination of real estate and earnest money form
If the parties haven't executed a contract signed by both parties then you are not "under contract".
Yes
When it has been signed by the buyer and seller.
Wholesaling is putting a property under contract and assigning that contract to buyer for a fee.
You need to read your contract in order to know what your rights and obligations are.