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Contract

Started by seven7
over 13 years ago
Posts: 161
Member since: Aug 2008
Discussion about
I made an offer on a condo last week, that's been accepted, but i'm not sure that i want to move forward. What are my liabilities if i decide not to sign the contract?
Response by West81st
over 13 years ago
Posts: 5564
Member since: Jan 2008

Check with your attorney, but you probably don't have significant legal exposure. One unfortunate consequence is that the listing agent may spread the word in the broker community that you're a flake, and your offers should not be taken seriously. That might be a concern if your search is focused on a narrow market segment dominated by a few brokers.

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Response by Ottawanyc
over 13 years ago
Posts: 842
Member since: Aug 2011

If you didn't sign the contract you should be fine, but tell them ASAP.

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