Q: can I back out of land purchase agreement?
I signed an agreement to purchase land on 3/25. I sent $1000 deposit check to sellers realtor. Due to virus difficulties, I need to back out. Is there any way to have that money refunded and legally back out of agreement?
A: Probably - but the answer lies within the agreement. There's probably a clause in your document known legally as a "force majeure" clause, which lets parties out of the deal if crazy, unforeseen circumstances occur. You'll probably need a legal eye to review the actual contract, however, and you may need an attorney in your corner to "convince" the other party that the sale contract should now be void and you should get your money back.
If you'd like some assistance with this, feel free to contact me offsite. Best of luck to you.
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