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Home Q&A Forum Can a seller back out of a Real Estate Sale Agreement after signing it?

Contracts

Real Estate Sale Agreement

Massachusetts

Asked on Jun 13, 2024

Can a seller back out of a Real Estate Sale Agreement after signing it?

I recently entered into a Real Estate Sale Agreement with a seller to purchase a property. However, a few days after signing the agreement, the seller expressed their desire to back out of the deal. They claim that they received a better offer from another buyer. I'm wondering if the seller has the right to do this, or if I have any legal recourse to enforce the agreement and proceed with the purchase of the property.

2 Attorney answers

Answer

Contracts

Massachusetts

Answered 37 days ago

Laura H.

ContractsCounsel verified

Business Lawyer
Licensed in Massachusetts
Free Consultation

Generally, a real estate contract is binding and enforceable once it is signed. There are sometimes contingencies built in, usually for the buyer's benefit. The best way to find out your specific options is to have a local attorney review the agreement.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.

Answer

Real Property

Massachusetts

Answered 36 days ago

Moss S.

ContractsCounsel verified

Business Lawyer
Licensed in Florida, Massachusetts, Rhode Island
Free Consultation

It all depends on the contingencies that are contained in the agreement. Some of those contingencies include an inspection, financing, title defects and more. I would have to review the agreement to let you know precisely what rights that you have to terminate the transaction.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.
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