That would certainly qualify, especially early on in the crisis when there was less information available. A job loss for example, would defer to the financing contingency and you would want to make sure that the contract would have a date late enough to cover yourself.
Thank you. We signed contract for new construction in Feb and No groundbreaking yet, expected to complete around Nov. I still qualify for mortgage, but our budget situation changed. We are still indecisive. quick question for you? we didn't discuss this with our agent, but If I back out we would like to pay her some money for her services. is it possible for a buyer to unofficially pay an agent?
Well, that is very thoughtful. If you can or need to cancel your purchase agreement, your agent should understand. I'm sure you would hire her again, right? Just make sure you start this conversation soon if you are having doubts so you can talk through it. The longer you wait, the worse it may become.
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What if the seller didn’t disclose foundations issues and they are discovered months after signing?
That would depend on a lot of things related to your purchase agreement. Is this something you have been dealing with?
Super Info. Nick--- Cold feet -Better make sure . Here in Charlotte , we have a period where buyer can walk within a certain amount of time.!
Really? Wow, that is interesting. I appreciate you watching!
How about Force Majuere due to the Covid 19? ( change in income, job insecurity, and economy outlook that that changed since one signed the contract)
That would certainly qualify, especially early on in the crisis when there was less information available. A job loss for example, would defer to the financing contingency and you would want to make sure that the contract would have a date late enough to cover yourself.
Thank you. We signed contract for new construction in Feb and No groundbreaking yet, expected to complete around Nov. I still qualify for mortgage, but our budget situation changed. We are still indecisive. quick question for you? we didn't discuss this with our agent, but If I back out we would like to pay her some money for her services. is it possible for a buyer to unofficially pay an agent?
Well, that is very thoughtful. If you can or need to cancel your purchase agreement, your agent should understand. I'm sure you would hire her again, right? Just make sure you start this conversation soon if you are having doubts so you can talk through it. The longer you wait, the worse it may become.
Thank you for the advice!