Breaking the Real Estate Contract
Articles
FAQs
- What is a "contract"?
- We recently purchased a home contingent on a home inspection. The home inspection revealed structural water damage to the floor joists, basement dampness, and small leaks in the roof. We want to terminate the agreement, but the seller is willing to make the repairs. Furthermore, the seller never disclosed the existence of these problems. How can we break this deal?
- Can I sue the seller of our home for major problems that were not disclosed during the sale, and would the home inspector also be liable for not discovering them?
- After looking for months, we finally found a home we could afford. Unfortunately, the home inspection revealed a number of defects that weren't apparent at the time we agreed to buy the property. While we have the right to walk away without penalty, we prefer to work out a solution. What are some of the options?
- I purchased a new condo several months ago. Since then, the builder has not completed the condo, interest rates have risen dramatically, and my moving costs continue to increase. What actions can I take against the builder?
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