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urbanrealtor.
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May 1, 2011 at 11:37 AM #18767May 1, 2011 at 2:16 PM #690898
SD Realtor
ParticipantCall your realtor and explain the situation and see what they say. At the very least you will need to reimburse the buyers for any expense they have undertaken, (inspections, costs for financing etc). Similarly if they have already made moving plans and cancelled leases and other things, then it would appear (and I am not an attorney so take this only as an uninformed opinion) that you could be responsible for costs associated with that as well. Again, check with an attorney.
Finally there are other possible legal ramifications (specific performance) comes to mind but it would be hard to say if that is applicable here.
Why are you changing your mind 2 weeks from close of escrow? I guess it doesn’t matter but it is curious. Anyways talking to people on here will not hurt but the longer you wait the worse it will get so call your realtor and ask them.
May 1, 2011 at 2:16 PM #690969ParticipantCall your realtor and explain the situation and see what they say. At the very least you will need to reimburse the buyers for any expense they have undertaken, (inspections, costs for financing etc). Similarly if they have already made moving plans and cancelled leases and other things, then it would appear (and I am not an attorney so take this only as an uninformed opinion) that you could be responsible for costs associated with that as well. Again, check with an attorney.
Finally there are other possible legal ramifications (specific performance) comes to mind but it would be hard to say if that is applicable here.
Why are you changing your mind 2 weeks from close of escrow? I guess it doesn’t matter but it is curious. Anyways talking to people on here will not hurt but the longer you wait the worse it will get so call your realtor and ask them.
May 1, 2011 at 2:16 PM #692068ParticipantCall your realtor and explain the situation and see what they say. At the very least you will need to reimburse the buyers for any expense they have undertaken, (inspections, costs for financing etc). Similarly if they have already made moving plans and cancelled leases and other things, then it would appear (and I am not an attorney so take this only as an uninformed opinion) that you could be responsible for costs associated with that as well. Again, check with an attorney.
Finally there are other possible legal ramifications (specific performance) comes to mind but it would be hard to say if that is applicable here.
Why are you changing your mind 2 weeks from close of escrow? I guess it doesn’t matter but it is curious. Anyways talking to people on here will not hurt but the longer you wait the worse it will get so call your realtor and ask them.
May 1, 2011 at 2:16 PM #691721ParticipantCall your realtor and explain the situation and see what they say. At the very least you will need to reimburse the buyers for any expense they have undertaken, (inspections, costs for financing etc). Similarly if they have already made moving plans and cancelled leases and other things, then it would appear (and I am not an attorney so take this only as an uninformed opinion) that you could be responsible for costs associated with that as well. Again, check with an attorney.
Finally there are other possible legal ramifications (specific performance) comes to mind but it would be hard to say if that is applicable here.
Why are you changing your mind 2 weeks from close of escrow? I guess it doesn’t matter but it is curious. Anyways talking to people on here will not hurt but the longer you wait the worse it will get so call your realtor and ask them.
May 1, 2011 at 2:16 PM #691574ParticipantCall your realtor and explain the situation and see what they say. At the very least you will need to reimburse the buyers for any expense they have undertaken, (inspections, costs for financing etc). Similarly if they have already made moving plans and cancelled leases and other things, then it would appear (and I am not an attorney so take this only as an uninformed opinion) that you could be responsible for costs associated with that as well. Again, check with an attorney.
Finally there are other possible legal ramifications (specific performance) comes to mind but it would be hard to say if that is applicable here.
Why are you changing your mind 2 weeks from close of escrow? I guess it doesn’t matter but it is curious. Anyways talking to people on here will not hurt but the longer you wait the worse it will get so call your realtor and ask them.
May 1, 2011 at 4:25 PM #691594urbanrealtor
ParticipantCalifornia law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.
May 1, 2011 at 4:25 PM #692087ParticipantCalifornia law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.
May 1, 2011 at 4:25 PM #691741ParticipantCalifornia law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.
May 1, 2011 at 4:25 PM #690989ParticipantCalifornia law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.
May 1, 2011 at 4:25 PM #690918ParticipantCalifornia law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.
May 1, 2011 at 11:32 PM #691164equalizer
Participant[quote=urbanrealtor]California law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.[/quote]
Happended to us twice as buyers.One time, the sellers changed mind but told our realtor crazy stuff about daughter and depression and asked if we were going to sue. He offered no consolation, but we just ran far away. Had it been a great place, maybe would have thought about it, but bad vibes can’t be shaken.
Another time, I panicked as buyer and paid $500 as consolation and that kept my name off the “do not accept this guys offer” list on MLS.
May 1, 2011 at 11:32 PM #691092Participant[quote=urbanrealtor]California law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.[/quote]
Happended to us twice as buyers.One time, the sellers changed mind but told our realtor crazy stuff about daughter and depression and asked if we were going to sue. He offered no consolation, but we just ran far away. Had it been a great place, maybe would have thought about it, but bad vibes can’t be shaken.
Another time, I panicked as buyer and paid $500 as consolation and that kept my name off the “do not accept this guys offer” list on MLS.
May 1, 2011 at 11:32 PM #691768Participant[quote=urbanrealtor]California law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.[/quote]
Happended to us twice as buyers.One time, the sellers changed mind but told our realtor crazy stuff about daughter and depression and asked if we were going to sue. He offered no consolation, but we just ran far away. Had it been a great place, maybe would have thought about it, but bad vibes can’t be shaken.
Another time, I panicked as buyer and paid $500 as consolation and that kept my name off the “do not accept this guys offer” list on MLS.
May 1, 2011 at 11:32 PM #691914Participant[quote=urbanrealtor]California law typically lets a buyer back out but not a seller.
That being said, I don’t think most buyers will take you into court and force the sale.
It would be easier to try to shut it down and offer money to make it right with all parties.But seriously, you have no real rights on this issue.[/quote]
Happended to us twice as buyers.One time, the sellers changed mind but told our realtor crazy stuff about daughter and depression and asked if we were going to sue. He offered no consolation, but we just ran far away. Had it been a great place, maybe would have thought about it, but bad vibes can’t be shaken.
Another time, I panicked as buyer and paid $500 as consolation and that kept my name off the “do not accept this guys offer” list on MLS.
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