Signing a home sales contract is not the end-game in real estate, it is just the beginning of a settlement process that comes with built-in ways for a buyer to get out of the deal and financial hazards for sellers if they do. “Most real estate contracts are structured around contingencies,” said Tad Lunger, a real estate attorney with Arlington-based Bean, Kinney & Korman P.C.
From the time a buyer puts down a deposit until the deed is filed after the deal closes, there are ways to get out of a contract.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.