If the offer or contract was prepared by a competent real estate agent or attorney, it should contain a number of stipulations that allow you to back out. For example, if the house is appraised for less than the offer price, if the home inspection reveals problems,if you fail to sell your current home or if your mortgage is not approved. Otherwise, if you fail to deliver on your end of the agreement, you will forfeit any earnest money and may be sued for damages. I would consult an attorney about your specific situation - this could get very expensive.
No you can not buy a house at the age of seventeen because you have to sign a contract and a contract is not legally binding until the age of eighteen.
18. You only have to be old enough to be held legally responsible for a signed contract with the bank.
It depends how you want to buy it. If you've been left a lump sum and want to buy the house outright for cash - 16. If you need a mortgage - you cannot legally sign a contract for the mortgage unless you're at least 18.
Legally you cannot buy land unless you are at least 18. You are entering into a contract - legally you cannot sign a contract until you're 18.
No. You would need to be old enough to sign a contract, usually eighteen years old. You would need to act through a legal guardian.
Justin Bieber may have money to purchase a house but he is too young, legally, to buy or enter into a contract. So any property bought with his money would have to be put in the name of an adult.
A 17 year old is not able to legally contract. They will have to be 18 to enter into a contract.
18. To get a phone you need to have a carrier and that requires a contract. A person under 18 can not legally sign a contract. You can buy a phone, but without the carrier it is a toy and useless.
You can only sign a contract for legally allowed goods and services. You cannot contract to buy illegal drugs. You cannot contract to have someone assaulted.
after you buy a house how long do have to report a problem with the house and is the seller liable for the damage
To buy a car anywhere in the United States, the buyer must be legally able to enter into a contract. To be legally eligible, the person must be over the age of 18, or must have been ruled by a court as an emancipated minor. As long as the buyer meets either of these requirements, he or she is legally allowed to enter into a contract and thus allowed to buy a car.
You can get out of the contract, but you will forfeit your deposit. If you are in the midst of construction, that may be a different matter.
If you signed a contract to buy the home you can not legally stop paying. -No matter WHO owns the land it's on.
No. A life insurance policy is a contract and you must be an adult to sign a legally binding contract. However, the legal guardian or parent may buy one on behalf of the minor.
Not if you want a good deal. Unless you buy on contract from a seller.
Not if they're wanting a 'contract' phone - it has to be bought by someone over 18, as they can't legally sign a contract under that age.
This is a contract to buy or lease a house. It says someone else other than you holds the title rights or mortgage rights to the house or property.
not in the state of Texas because you have to be 18 to legally sign into a contract
A lease is a contract. You have committed to it for the term of the lease. Buying a house doesn't excuse you from this contract. Try talking to your landlord and see if they will agree to an early termination.
When you buy a house on credit, you sign a contract that you agree to repay the mortgage in a timely manner, or be taken to court.
Say a person willing to sell his house for rs.7500000 will enter into a contract with a person willing to buy the house. But if the acceptor threatens to sell his house
If you signed a contract to buy the car, it is legally binding. That fact that you have not parted with any money is a mute point. You signed the contract, and that is all that matters. Ask the seller if they will release you from the contract and be very nice about it.
I think you need to legally be an adult, which in most states is 18
Minors that have not been legally emancipated cannot be held to the terms of a contract. You must be at least 18 to sign a contract. If someone is willing to co-sign with you and take full responsibility, you would be able to buy a car. If there is no contract involved, you are paying cash for the car, there shouldn't be any problem.
No, it's technically only an agreement. He's agreeing to buy X amount of something from you and will write up the final price, etc, later. It's only a legally binding contract if you have a "signed" contract. In some states it MAY be legally binding if you have witnesses on both sides of a non signed contract.