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  2. What can a seller do if a homebuyer backs out of the contract?

    www.aol.com/finance/seller-homebuyer-backs...

    Key takeaways. A buyer can back out of a home purchase even after signing a contract if all agreed-upon contingencies are not met. Common reasons for buyers to back out include issues revealed ...

  3. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    Building contingencies into the contract: Most real estate contracts have contingencies that give sellers cause to back out. For instance, the seller may say they will only sell their property if ...

  4. Can you back out of a house offer once it’s been accepted?

    www.aol.com/finance/back-house-offer-once...

    A clause in a purchase agreement that gives buyers and sellers the right to cancel a contract if certain terms aren't met. For example, a mortgage contingency requires the buyer to secure a ...

  5. 72-hour clause - Wikipedia

    en.wikipedia.org/wiki/72-hour_clause

    The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the seller to continue to market the property. The 72 hour clause is usually written into sales contracts by the seller, this allows a seller to keep the home on the market and accept backup offers ...

  6. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    The successful sale of another house may be needed to finance the purchase of a new one. Appraisal contingencyPurchase of the real estate is contingent upon the contract price being at or below a fair market value determined by an appraisal. Lenders will often not lend more than a certain percentage (fraction) of the appraised value, so ...

  7. Lost volume seller - Wikipedia

    en.wikipedia.org/wiki/Lost_volume_seller

    Lost volume seller is a legal term in the law of contracts. Such a seller is a special case in contract law.Ordinarily, a seller whose buyer breaches a contract and refuses to purchase the goods can recover from the breaching buyer only the difference between the contract price and the price for which the seller ultimately sells the goods to another buyer (plus, under some circumstances ...

  8. Homebuyers: 3 'Weasel' Contingencies a Contract Needs - AOL

    www.aol.com/news/2011-06-27-home-buyers-three...

    For the seller, contingencies are the obstacles standing between him and a closed deal. For a buyer, they're the essential protections that could separate Homebuyers: 3 'Weasel' Contingencies a ...

  9. Internal Revenue Code section 1031 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    It may be faxed, hand delivered, or mailed either to the Qualified Intermediary, the seller of the replacement property or his agent, or to a totally unrelated attorney, preferably by certified mail, return receipt requested. Step 6. Taxpayer enters into an agreement to purchase replacement property, again including the Cooperation Clause.