The process of purchasing a home can be lengthy, allowing buyers like you to experience any number of motivations to terminate a real estate contract. Perhaps you have found a home you would prefer over this one, have encountered a failed financing effort, have discovered faults with the structure, or have received an unexpected job offer that, if accepted, would take you out of the area.
The challenge you will face now is that the moment you signed the purchase agreement for this home, you entered into a binding legal contract with the homeowner.
Conversely, if you’re the homeowner, you may wish to withdraw from an offer you have accepted on your property.
Either way, there’s no easy solution. No matter the root cause of your desire to…