QUESTION
What can happen if I breach a contract to sell my home
Asked on Sep 20th, 2021 on Real Estate - Pennsylvania
More details to this question:
Decided to sell home, and have entered into a sales agreement. Have now changed our mind and don't wish to sell.
1 ANSWER
Bankruptcy Attorney serving Collegeville, PA
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Nahrgang & Associates, P.C.
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A listing contract binds you to the realtor as long as the realtor provides you with a buyer. Additionally, the Agreement of Sale binds you to the buyer, but the buyer may be limited to recovery of the deposit.
Accordingly, both the buyer and realtor likely have claims against you, if you breach.
I hope this answers your questions but I am happy to discuss your options on a free initial basis.
Best Regards,
Matthew R. Nahrgang, Esquire
35 Evansburg Road, Ste 400
Collegeville, PA 19426
(610) 489-3041 o
(610) 489-3042 fax
nahrganglaw.com
Answered on Sep 21st, 2021 at 1:25 PM