Can the Seller Cancel the Contract?

This is a question that buyers often worry about when they first go to contract.They worry that the seller can do something to kick them out of the deal. 

Here are a couple of buyer concerns after the buyers offers gets accepted:

A: Some home buyers think that once the seller accepts their offer, that the seller can still look for and take a better offer…not so.  The seller is bound to the first written contract that they sign. 

A.  No.  Asking for a concession does not void the contract.  Buyer can ask and the seller can refuse.  If the seller refuses to fix it, that is not an automatic cancellation of the contract. Only the buyer has the option to cancel the contract.

Don’t worry about the seller.  A BUYER typically has several contingencies where the BUYER can get out of the contract: 

Inspection contingency, financing contingency, appraisal contingency and then there might be other contingencies…a contingency that the buyer can build a fence around the property.  A contingency that the lot is big enough to put in a pool etc.

Meanwhile, the only contingency the seller has to cancel YOUR contract is if YOU breach the contract.  If YOU fail to be timely on your deadlines. 

As long as you are doing everything that is required of you, under the contract  there should be no opposition from the seller.

Buyers Broker of Florida Call/Text us 727-202-9130.