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Real Estate
Reply to "Buyer backing out of no contingency contract"
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[quote=Anonymous][quote=Anonymous][quote]OP also could sue for breach of contract, and claim as damages whatever injury she suffered.[/quote] As pointed out earlier, the contract isn't technically in breach until the buyers don't close, which could be up to 60-90 days from now. Better just to get another buyer during the busy May-June period than wait for that to occur.[/quote] Yes, but if the buyers have given notice they will not close on schedule, then they're in breach right now. Seller should be able to take steps to mitigate the damages by putting the house back on the market. Bottom line: If OP can sell her house for roughly the same $390 she expected, then it's probably just an annoyance. But if it's going to cost real money, then consider getting advice from a real lawyer.[/quote]
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