When my mother was a real estate agent here in NC, I remember how  
anxious things would be until the closing - that is, when the deed  
was made out and the buyer would hand the money to  the seller.   
There was always a possibility that the buyer could negate a contract  
to buy a house (such as an inspection that would reveal defects) but  
the contract as I recall, would obligate the seller to not sell the  
house to anyone else while it was under contract.

Kat


On May 21, 2007, at 10:40 PM, ken barber wrote:

> well, Deri, i do not actally kmow the point that i
> could still pull out. you recieve and offer with a
> amount of "earnest money". the buyer pulls out except
> as specified by contingencies in the contrat and he
> loses his money. i'd guess, but not sure that the
> seller could be sued for damages to cover the buyers
> loss. i never ask anyone becouse i do not intend to
> PULL out.
>
> ANY BODY THAT CAN ANSWER dERI'S QUESTION?
>
> --- Deri James <[log in to unmask]> wrote:
>
>> How does selling a house "work" in the US? At what
>> point is the deal done?
>>
>> In the UK seller can pull out of a deal any time up
>> till key exchange (even if
>> buyer may already have spent thousands on removals,
>> surveys, etc). Although
>> Scotland is much more civilised - contract is
>> binding once seller has
>> accepted your offer.
>>
>> Cheers
>>
>> Deri
>>
>> On Monday 21 May 2007 15:37:42 Michael H. Collis
>> wrote:
>>> The real estate market is severely depressed in
>> some parts of the country.
>>> I hope ot's not in GA, because it it isn't, you
>> might be waiting about 6
>>> months to a year before closing.
>>>
>>> ---- Original message ----
>>>
>>>> Date: Sun, 20 May 2007 20:52:58 -0700
>>>> From: ken barber <[log in to unmask]>
>>>> Subject: Re: my surgery went fine   and more
>> news.
>>>> To: [log in to unmask]
>>>>
>>>> thanks gary,
>>>>
>>>> i am fine. i am now interviewing real estate
>> agents to
>>>> sell my house here in georgia in preparation to
>> move
>>>> to the anniston/oxford area of alabama about 20
>> miles
>>>> from my home towm .
>>>
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