How do I get out of a real estate contract?

By
Real Estate Agent with Better Homes and Gardens Real Estate Metro Brokers

How do I get out of a real estate contract?This question comes up quite often: “How do I get out of a real estate contract?”

And the answer is actually quite simple. And I’m not going to keep you in suspense:

Consult an attorney.

You see, this is a legal question and not a real estate question.

Real state brokers and agents are not lawyers. In most states we are prohibited from offering legal advice unless we are coincidentally practicing attorneys.

So please don’t be annoyed when I offer you the PROPER response.

Because the best customer service of all is giving you correct information!

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Topic:
Real Estate Best Practices
Location:
Georgia
Groups:
BananaTude
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Diary of a Realtor
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Tags:
get out of a real estate contract
getting out of a contract
terminating a contract

Comments 19 New Comment

Anonymous
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Rainmaker
380,167
Elva Branson-Lee
CDPE - Atlanta Real Estate & Short Sale Agent
Solid Source Realty GA

reblogged!

April 24, 2013 08:08 AM
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Bryan Robertson
Innovator, Writer, Speaker
Catarra Real Estate, Inc

Unless there's an exit clause in the contract, you're absolutely right - consult an attorney.  I've had this question come up many times.

April 24, 2013 01:28 PM
Rainer
276,566
Steven Cook
- Pierce, King, Kitsap, Thurston, Mason Counties

Richard -- this is great answer, that too many people don't want to give, or listen to, unfortunately for them.

April 25, 2013 10:10 AM
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Michelle Carr-Crowe Just Call 408-252-8900 Luxury Homes in Top Silicon Valley Schools-San Jose, Cupertino, Saratoga & Palo Alto
Family Helping Families Buy & Sell Homes 40+ Years
Just Call 408-252-8900 Lynbrook Homes Cupertino KW

And it's such a nice and simple answer, too.

April 26, 2013 11:19 PM
Rainer
145,525
Norman Padula
GRI, CDPE, PA~Presence,Persistence & Perseverance
Keller Williams Carmel Valley
Richard, so much for extreme cases of 'Buyer's Remorse'. I always remind my principals before signing that it is a legal contract and is enforceable when accepted by the seller, or buyer. I also point out that BR might set in and to relax. Good post!
April 27, 2013 03:07 AM
Anonymous
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Richard Weisser

Richard Weisser Coweta Newnan Homes for Sale
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Additional Information

Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, and has been writing about Georgia Real Estate since 1999.

Coweta Fayette Real Estate offers opinions and helpful information to consumers and real estate professionals in the Coweta County Georgia area.

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