Selling a property but want to change mind

[Jehanzeb Beg]

So I’m in the middle of contract pass the inspection period and attorney review. Anyway as a seller I can back out still? Based on the market and rates today I don’t want to buy another place and want to keep the current place.

[Nathan Grabau]

I am not a lawyer and this is not legal advice, but in Colorado buyers can sue a seller to perform on a contract they have agreed to. Typically, once a home purchase goes under contract, everything in the contract exists to protect the buyers and the seller is just along for the ride. You could try to ask if you can back out or negotiate a fee to back out of the deal with the buyers. I would mentally be prepared for this fee to be at very least 1% of the property value, but they could just let you back out. They could also tell you no and force you to perform.