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re: Purchase Agreement
Posted on 10/25/16 at 2:45 pm to lsufan1971
Posted on 10/25/16 at 2:45 pm to lsufan1971
Thanks! Stupid question #2 - how binding is a purchase agreement? Like, what if the buyer changes their mind - is there any recourse if the seller prepared the purchase agreement themselves?
Posted on 10/25/16 at 2:52 pm to btnetigers
quote:
Thanks! Stupid question #2 - how binding is a purchase agreement? Like, what if the buyer changes their mind - is there any recourse if the seller prepared the purchase agreement themselves?
depends on how the purchase agreement is written up
look up a few online versions and read through them
Posted on 10/25/16 at 4:30 pm to btnetigers
quote:
- how binding is a purchase agreement? Like, what if the buyer changes their mind - is there any recourse if the seller prepared the purchase agreement themselves?
This is why you take earnest money. Technically of the buyer breaks the contract you may keep it.
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