In NC can a seller get out of an agreement to sell a home once it is signed?
1 Answer | Asked in Real Estate Law for North Carolina on May 2, 2013.
Answered On May 3, 2013
Sure - anything is possible. But you first need to read the offer to purchase agreement. You will forfeit the earnest money probably. Depending on how badly the buyer wants the home, they may also sue for specific performance, i.e., the house. You should talk to your realtor and perhaps a real estate attorney. Assuming the buyer is happy with a return of the earnest money, then you and the buyer need to sign a termination agreement.