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Canceling a home purchase contract can be costly, but it's sometimes necessary for buyers and sellers alike

1 month ago   |   By Business Insider

Walking away from a real estate deal has consequences for either party involved. andresr/Getty
If you make an offer on a home, a real estate contract details the terms and conditions of the sale.
Sometimes buyers need to cancel the contract due to financial challenges or problems with the house.
The consequences of canceling a contract depend on whether or not there are contingencies in place.
Most people who make an offer to buy a home do so fully intending to see the deal through to completion. But things happen, and home purchase agreements occasionally fall through. Rising interest...
Read more ...

 


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