Charleston · Selling
Can a seller back out of a signed contract in Mount Pleasant?
Backing out of a signed contract in Mount Pleasant without a valid contingency exposes a seller to a buyer's claim for damages or specific performance, since a signed purchase agreement is legally binding on both sides. Contingencies written into the contract, like financing or inspection deadlines, can create legitimate exit paths if they are not met. A closing attorney should review the specific contract before a seller attempts to walk away.
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