What’s The Law When Home Buyer Or Seller Changes His Mind?

What’s The Law When Home Buyer Or Seller Changes His Mind?


What’s The Law When Home Buyer Or Seller Changes His Mind?

If a home buyer makes an offer on a house,are they bound to it?
If a home seller accepts an offer, can he change his mind?
The Binding Effect of Offers and Acceptances are different for the Buyer & Seller. AND the breach is Time-Line.
(A) Buyer submits offer – Seller not yet accepted offer
(B) Buyer submits offer – Seller accepted offer
(C) Offer Accepted but contingencies not waived
(D) Offer Accepted and contingencies waived

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