Please advise,

My boyfriend put his house up for sale, after only one open house (which the agent wasn't there) and less than two weeks on the market he got an offer and accpeted it. After two weeks and his two boys being under emotional duress and throwing tantrums about moving and not wishing to go to school if we move he informed the Agent he wishes to cancel escrow (which wouldn't close for another week) and that he wants to take the house off the market and stay for their emotional well being.

The Agent said he has to get out and can't cancel the sale and if he tried the Agent would sue him.

The buyer has two weeks to back out why can't the seller back out for unforseen reasons???

Can the Agent really sue for not really doing anything (one open house which he wasn't even in attendance for)as the sale won't go through?

Can the seller legally back out if escrow has NOT closed??

Please help us with this matter

If he has signed a contract for sale of his home, he would be breaching that contract by not closing the sale. The buyers could take legal action.

I am not an attorney and am not providing legal advice.

I think you better seek the advice of an attorney. You run the risk of being sued by both the buyer and the agent.
I am not an attorney and am not providing legal advice.

We might have an out. Per our signed contract the buyer has until 12:00 tonight to remove all her contingencies and it looks like she won't make the dedline as her bank has requested a second appraisal. Wish us luck as that is an out in our contract...

Keep in mind that the agent has put in "some" amount of time and effort into just the paperwork alone. Not to mention possible advertising expense on your behalf. The effort put into getting a home listed is greatly under estimated.

Be prepared to pay the agreed upon commission based on your accepted offer. Your agent may very likely sue you should you fail to pay.

BTW do you really think your kids are the only kids to become upset about moving. Perhaps you should spend more time including them in the process and get them excited and show them the new area you plan to move to!

What makes you think the buyer has two weeks to back out??? Your boyfriend and the buyer have entered into a legaly binding contract. I believe any party that breaches the contract could face leagal action from the other party. It's easy for you to say your agent has done nothing, but in all reality he must have done something to get you an accepted offer on your home in less than two weeks. Sounds to me like your agent has provided his services accordingly, and is owed every penny of the commission he earned. Just my opinion....

My advice is the easy way out: Buy another house in the neighborhood cuz your boyfriend just sold his.

You guys realize that this thread was created almost 3 years ago, right? LMAO!

Guess I should learn how to read...UGH

Update: The kids are doing fine. We realized they were just being brats. After a visit from The Nanny a few years ago, we are back in charge. Little Suzy just got her learners permit....

I have never seen a thread this old brought back from the dead. Thanks for the morning laugh. I do dumb stuff all the time so please have a sense of humor as we laugh together.