Is there a time period within which one may back out of a real estate deal without a consequence?

Asked on November 20, 2015 under Real Estate Law, Tennessee

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

No, once you sign the contract, you are obligated to it, unless and only to the extent that the contract itself gives you some right of cancellation and you both cancel within the time period specified in the contract and also comply with any other requirements or conditions contained in the contract for cancellation.


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