Buyer backed out at closing, what to do?
Hey all. Unfortunately my second post here on BP is an unfortunate one...My house was listed for 9 days when I got a full price offer from a pre approved buyer. Of course I accepted. It passed inspecton with a couple small things and appraisal passed easily. I sold most of the furniture and rented a temporary apartment and storage unit until the next deal comes along. Today my realtor called..the buyer wants to back out for fear of possible layoffs at work. Now I am stuck with a completely empty house, an apartment, and no sale. We were set to close on the 15. Do I have any legal recourse on this aside from the $1000 earnest money? I will likely end up selling for less now. The house looked great staged, but now just looks..empty... Anyhow sorry for the rant, but im not sure where to go from here. Thank you for any insight.
Jake Kraft