When selling your house, there is always a chance that a seller could change their mind. They may have experienced sudden financial trouble, a medical issue, or another situation prompting them to want out of the transaction. Some options include:
- Seek a refund of the earnest money deposit.
- Request compensation because of the seller’s breach of contract. This might include additional costs you might incur as you look for another property.
- Buyers could potentially sue the seller for “specific performance,” to try to force the seller to honor the home purchase agreement, but buyers should weigh the expense and time of waiting for a legal proceeding.
While unavoidable situations can sometimes arise, take heart. After a purchase contract is signed, about 95% of transactions are completed. Working with a real estate agent can help improve your chances that any hiccups won’t derail or delay your transaction. Your agent knows your contract backward and forward. They know when you need to get ‘X’ done and then what you need to do next. They’ll keep buyers on timelines and take them where they need to go.
Check out below to see what sold in Lakes of Northville in August 2025:
42369 Crestview Circle, Northville: 4 bedrooms, 2.2 bathrooms, 2,700 sq. feet, 2 car garage, Sold Price: $765,000
Lakes of Northville Home Sold
August 2025
For more information on Lakes of Northville, The DiMora Team today at 248-505-7728 or jim@dimora.com.