If you back out without cause, the buyer can bring legal action for breach of contract. That means you could be facing a lawsuit where the buyer seeks compensation. Depending on the buyer, the lawsuit may seek financial compensation or even specific performance, forcing you to sell your home.
If your property is advertised on a property portal, that's Rightmove, Zoopla or OnTheMarket for example, and you decide that you don't want it on there any more. The best thing to do is contact the estate agent straight away and ask them to take the details down.
Cars with Warranties or Service Contracts In NC, the law is buyer beware unless you have something in writing that says otherwise, i.e., a warranty, service contract etc. That means you buy the car “As Is”, defects and all.
A seller will need a valid legal reason, such as a material breach of contract by the buyer, which might include failing to meet financial contingencies or other significant violations of the contract terms. But, this could still lead to legal repercussions.
In North Carolina, sellers are required to disclose certain material defects and issues affecting the property's condition. This includes disclosing known defects related to structural integrity, environmental hazards, zoning violations, and other significant issues.
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10 Most Affordable Cities To Live In The U.S. Evansville, Indiana. Fort Wayne, Indiana. Dayton, Ohio. Wichita Falls, Texas. Toledo, Ohio. Akron, Ohio. Springfield, Illinois. Rockford, Illinois.
The main residence, Biltmore House (or Biltmore Mansion), is a Châteauesque-style mansion built for George Washington Vanderbilt II between 1889 and 1895 and is the largest privately owned house in the United States, at 178,926 sq ft (16,622.8 m2) of floor space and 135,280 sq ft (12,568 m2) of living area.
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A: No. As stated earlier, the contract between the buyer and the seller controls in what condition the property will be sold and delivered to the buyer, not the Statement. The contract should address the buyer's and seller's rights and obligations relating to inspections and repairs.