Can the seller back out?

[Charlotte Dunford]

This might be a silly question. Can the seller back out of the contract once you are under contract? Let's say the seller decides that they don't like you after going under contract, can they just back out? Under what circumstances can the seller back out?

[Theresa Harris]

@Charlotte Dunford  The contract is a legally binding document. Once it is signed the only way out is through the buyer not meeting one of the conditions (ie inspection issues, financing doesn't come through).  

I've heard of a few stories on BP about sales not going through, but I forget what happened.  I know of one where the seller changed his mind and the buyer agreed and then the seller tried to sell it the next year and the buyer had put something on the title, so the seller couldn't sell it to anyone but him.