Getting out of contract

[Jay Mersfelder]

Any advice on how to back out of and contract.have a s.f..h under contract what can they do if I back out and is there way to do it with no repercussions

[Nathaniel J Mott]

Like Jonathan said it is contract dependent. Why do you want to back out? Do you have contingencies? 

If you have a well worded inspection contingency and you determined the rehab was going to cost more than expected that would probably be an easy-ish way to back out. Do you have a financing contingency and your lender didn't approve of the deal?