Can I get out of a sellers contract in Pennsylvania if I can’t find another home to purchase

Tried to find another home and can’t find one.

Asked on September 2, 2017 under Real Estate Law, Pennsylvania

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

No, you cannot, unless the contract specifically stated that you could terminate the sale & contract without penalty if you could not find another home to purchase. Otherwise, your problem in not finding another home is *your* problem, not your buyers, and you are contractually obligated to go through the sale, regardless of the consequences to you. If you don't, they could take you to court and likely get a court order forcing you to sell, and possibly get monetary compensation, too. 
Unfortunately, our contractual obligations are not affected by problems or issues in our own lives. 


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