How to get out of a buyer-seller agreement?
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How to get out of a buyer-seller agreement?
In trying to sell my house that was left to me by my late mother, I’ve signed a buyer-seller agreement with a gentleman who said he was going to market the house to another person for compensation. I’ve realized that this is not the route I’d like to go with my property, so I’d like to know if I can “cancel” the agreement without legal ramifications.
Asked on February 23, 2012 under Real Estate Law, Maryland
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The best way to try and end the agreement that you signed for marketing the home you own is to carefully read the terms of the written agreement that you presumably signed. The reason is that its terms and conditions control the means as to how you can end the agreement without having to pay any compensation to the other side.
I recommend that you consult with a real estate attorney about the agreement that you have written about and let him or her carefully review it. After that is done, you can get some advice as how to proceed.
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