Can I back out of the sale of our home if we have not found somewhere to move to?
We recently sold our home and need to be out in 30 days. At the time of signing the contract with the buyer we stated to our realtor that we would need to be flexible on the closing. She agreed, but states we have to be out even though we have not found another place to live. Can we back out on the sale without problems?04/16/2007 | Category: Contracts » Recission | State: Tennessee | #3130
If the contract doesn't specify an extension of the time when you are required to move out, you will be in breach of contract for backing out of the deal.