Q: Can a buyer void a contract for "personal reasons" but use their "right to void" from the inspection addendum?
My wife and I just signed a contract with a buyer to sell our home on 22 May 2016 (FSBO, but we offered the buyer's agent 2.5%). Today, the agent's assistant emailed us the following message: "Unfortunately an unexpected personal event has come up and [buyer] has to void the contract. She will use her right to void per the home inspection addendum."
So the agent is saying that the buyer will void the contract for personal reasons, but there is no provision in our contract for that (not allowed under the "DEFAULT" paragraph). Instead, she is invoking a provision meant to address inspection deficiencies. Isn't this disingenuous? Thanks.
A: It sounds like a possible breach, but more facts and review of the contract are required. The best first step is an Initial Consultation with an Attorney. You can read more about me on my law practice website. This answer does not constitute legal advice; make any predictions, guarantees, or warranties; or create any Attorney-Client relationship.
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