Texas  |  Real Estate Law

Legal Question

Asked on: 12/12/12, 6:39 am

can a privet seller back out of selling their home to a privet buyer after signing a purchase agreement?

I signed a contract to sell my home. No agents were involved. The Buyer for 3 months had been waiting a loan approval. The contract was signed with a closing sale agreement to be on or before "Pending Bank". Now the buyer informs me there loan has been approved, Yet I must wait for bank to inspect my house before the buyer will pay. I have aloud the buyer in my home 4 times for inspections to evaluate there added after buying expenses. I've been turning down many higher cash offers to help the buyer, I do not wish to be a "blank", I've been trying to sell this buyer so I can relocate for better employment. If they do not hurry as they claim there loan was approved. Can I give the buyer there ernest money back and sell to another party with cash offer if the price is same or higher?

Texas seller

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