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Seller wants to cancel after agreement expires, buyer does not
We signed an agreement to sell our house in June without a realtor's
involvement, and now we think we sold it for too little. It's now almost a month after our second scheduled closing date (after signing a written agreement to extend it once). We have called the escrow company a couple of times since then to cancel the sale, and they agreed that we are no longer obliged to sell the house, but they couldn't release the earnest money unless the buyers also agreed to release it. Meanwhile we have been talking to several different realtors to list our home. It's taken a while, since the house is just across the state border from most of the local population, so most local realtors are not licensed in the state where the house is located. We have a realtor coming out tomorrow and expect to list it this coming week, however. The buyer just called me an hour ago to say that the loan has funded and the sale has been recorded, and he wants the keys. Of course, this is the same guy who has been promising the moon for the last several months. I have heard nothing from the escrow company. What is our best option to cancel the sale and list the house if what the buyer says is true? Thanks, Ed |
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