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Updated 4 days ago on . Most recent reply
Seller wants to cancel agreement
I have a seller who wants to cancel our contract. I am highly suspicious she wants to work with someone else. I'm fine with letting her out, however I have been doing work trying to find a buyer and don't really want to hand it over without at least some compensation for my time. Are there any options for me here?
Most Popular Reply
#1 Real Estate Agent Contributor
- Realtor
- Boulder, CO
Nobody can advise you accurately without being privy to the details of the contract of course. Generally speaking, since you don't even have a buyer lined up then you are just tying their property up and wasting their time, potentially damaging them financially. They'd probably be better off selling on the open market than working with you. So you should just let them go and move on to your next opportunity in my humble opinion. In order to enforce the contract you may have to sue them to perform on their end of the contract, but if you don't even have a buyer lined up and ready in order to perform on your end, that would just be silly IMO. NEXT.