Englewood, CO asked in Real Estate Law for Virginia

Q: Is VA Seller liable to Buyer if their past debt delays closing date? Can Seller list home after signing closing docs?

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2 Lawyer Answers
John Andrew Maghamez
John Andrew Maghamez
Answered
  • Richmond, VA
  • Licensed in Virginia

A: There are way more facts that are needed before we can answer that legally

Richard Sternberg
Richard Sternberg
Answered
  • Potomac, MD
  • Licensed in Virginia

A: Whether Seller is liable and the extent of the potential liability depends on the terms of the contract and the circumstances. They are not all the same. A seller can usually list after a contract until closing as long as the property is listed as subject to contract or, if applicable, No Knockout. What you can't do is violate the signed contract or mislead other potential buyers.

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