Q: Alabama Real Estate re: sales contract Is there an inherent “cooling off” period allowing either party to cancel
Not specifically stated in the contract. In other words can the seller cancel the contract for no reason without consequence within a period of time (3 days, etc.)
A: Usually there are provisions in the contract that allow to cancel for specific reasons, such as not passing inspection or clouded title. You really need a lawyer to read the whole contract in order to advise you of the specifics, as they can all be different.
William Vann Burkett agrees with this answer
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