How Can I Get Out Of An Agreement Of Sale After I Signed It And Have Not Made Any Deposit

How Can I Get Out Of An Agreement Of Sale After I Signed It And Have Not Made Any Deposit

Q: How can I get out of an agreement of sale after I signed it and have not made any deposit?


A: Tommy BoyKeckner - for a contract to be binding you need 2 things to happen:

  1. A "meeting of the minds" - requires both parties to agree to terms and sign

  2. An exchange of something valuable - typically money


In the absence of both of these items a contract has not occurred. If you have not made a deposit, there is no binding contract. 


You should speak with an attorney, quite truthfully. If the seller wanted to, they could attempt to pursue legally that you acted in bad faith. However, the fact remains that it is the seller's responsibility to obtain a deposit from you to secure the contract.


Good Luck!

Image title






See the full post on Zillow.


Ryan Cook Headshot
Author:
Phone: 508-524-1754
Dated: August 24th 2016
Views: 71
About Ryan: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

First Class Realty Group
661 South Street W, Ste 2
Raynham, MA
508-219-6208