Reno, NV asked in Real Estate Law for Nevada

Q: Hello, I have a real estate contract question.

We made an offer to purchase a home and the offer was accepted. We then listed our present home for sale and it was accepted. Then we completed our inspections on the home we are purchasing and found to many defects. We are not going through with the purchase. Now we can't find a suitable home to purchase. So we want to cancel our contract to sell. We are willing to pay the buyer and agent for any costs they might have accrued. If the buyer won't agree to let us out of our contract how likely is it that we could be forced to sell our house anyways? We don't have anyplace to live if forced to sell

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1 Lawyer Answer
Michael Zamzow
Michael Zamzow

A: You'll need to contact a Nevada attorney directly regarding this, in particular you should contact an attorney before you offer to pay costs accrued.

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