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If the home suffers a major calamity, you are responsible for telling the purchaser through me, at which point the purchaser may, at their option, walk away from the deal and have the deposit returned. The purchaser may also choose to close and receive any insurance proceeds for any repairs. In this unfortunate event, remember not to make any repairs until you find out what the purchaser wants to do.
It's Sold - The Closing
Once signing the agreement, both the vendor and purchaser are under a legal obligation to
close. If you decide not to for whatever reason, the purchaser has the right to sue.
If the purchaser decides to walk away from the deal, you can claim the purchaser's
deposit or sue for damages.
Just Because Your House Has Sold, That Isn't the End
Chances are you've bought a new home, or are in the process of looking for one. While you already have experience with the home-buying process, I can help you with a buyers' guide, calculators, worksheets, checklists, calendars, list of professionals and important tips you need.
Also, if you are moving out of the area I can help you to find to another agent for your needs.
View Your Free Copy Of The Selling Checklist
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