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Cancel Real Estate Agreement

Cancel Real Estate Agreement

In accordance with the California Civil Code, the two cancellation instructions, signed by both the buyer and the seller, as well as a cancellation of the sales contract, must be submitted in order for the entire process to be canceled. The return of the deposit is subject to the conditions of cancellation. Contracts for the sale of real estate include several stages of contingencies to be sold. If any of these contingencies cannot be satisfied, the buyer or seller has the option of terminating the contract. If your decision to terminate the contract is based on the inspection of the property, the buyer`s agent will draw up a form that buyers and sellers will sign, in which they will announce the termination and release of the contract and the payment of serious money to the buyers. But as you might expect, this process isn`t always simple and deeply rooted in the fine print of contracts.

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