Damages, which the very creative attorneys in NJ will be able to dream up by the gross. Also, specific performance, where the court forces you to complete the transaction is a possibility.
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.
The purpose in having an open house in selling real estate is to show a home to see if high volume buyers would like to purchase and own a home under contract.
No. A real estate agent earns a commission as a percentage of the selling price of the house only after the successful completion of the sale. The commission (usually around 6% of the selling price) is split between the agency listing the property and the agency selling the property, if they are not one and the same. The individual agent(s) are paid a portion of this commission, the amount depending on the contract each agent has with their indivdual agencies.
no...not at this time.
Read your contract.Read your contract.Read your contract.Read your contract.
If you are selling your own home, you would be best served by employing a real estate attorney to draw up the sales contract. It can be a very bad idea for both the buyer and seller to execute a contract without legal advice.
Not without breaching his fiduciary duty to the estate.
There are remedies available to the Seller if a buyer does not purchase the real estate as agreed in a written, fully executed contract. These are only available to the seller if the buyer has signed the contract and there are no limiting conditions such as a financial clause, inspection clause, due diligence period, etc. If the buyer breaches the contract the seller may sue to keep the buyer's deposit, sue for damages caused by the buyer breaching the contract, and may also sue for "specific performance" which would force the buyer to purchase and close on the real estate.
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.
to work together or share profits. In real estate a co-broke contract would be between a listing broker and selling broker.
If the decedent has signed a binding contract to sell the house, then his or her estate must abide by it and sell the house according to the terms of the contract. The executor has no power to simply cancel the contract nor is the contract automatically cancelled by the death of the seller.
The contract establishes the rules for the purchase but does not finalize it. Contracts generally include certain conditions that must be satisfied before the sale actually takes place and if they are not met the contract is cancelled or penalties may be instituted. For example, a contract may be voided if the buyer is unable to obtain a mortgage or if the seller fails to make specified house repairs. Other than the above, getting out of a contract requires discussion with the other party and with an attorney and may involve financial penalties.
The purpose in having an open house in selling real estate is to show a home to see if high volume buyers would like to purchase and own a home under contract.
Commercial real estate refers to businesses. Residential real estate involves selling homes.
Not without breaching their fiduciary duties. It would be irresponsible of the executor to do so. It could land them in trouble.
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.
buying and selling