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Can a Seller Back Out of a Real Estate Contract Without Repercussions?

HomeLight

To provide you with the most expert advice, we consulted with Los Angeles real estate attorney Zach Schorr , top real estate agent Basil Yaqub , who works with over 67% more single family homes than average in his area, and veteran agent Greg Garrett , who brings more than 40 years of experience in the real estate industry to the table.

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What Does Contingent Status Mean in Real Estate?

Rochester Real Estate

When buying or selling a home, there are some typical real estate contingencies that you should be familiar with. These contingencies are considered normal or commonplace. If there are significant problems found during a home inspection , the buyer can terminate the sale with appropriate notice. What About Backup Offers?