Shannon, I just wanted to let you know that one of your blog posts from 2014 actually answered a question I had today! I have a situation where the home inspection was done and the buyer now wants out. The Buyer's agent sent me over the home inspection, but no Addendum, and then sent me a Release and Termination saying the buyers no longer wanted the property. I then called her and told her I wasn't trying to be a "prick" but according to Paragraph 16 of the CVRMLS contract, her client can't just say I want out and terminate without sending me a list of items, cost to cure, and the home inspection. If we cannot agree, then we can terminate. Anyway, I then "Googled" it and found your blog from 2014 and you wrote " It is important to remember that no party can unilaterally cancel the contract within the negotiation time. " You are so right and I thank you! You and I have not met in person, we have talked via FB and you met my wife at Wegman's Pharmacy. I used to be at KW in Midlothian, but now I do most everything with United Real Estate (John Finn) which is part of United Country Real Estate. I do real estate auctions with United Country Real Estate, so if you ever have a scenario where "auction" comes into play, please let me know. I pay referral fees. Best regards, Ernie
Thanks, Ernie! Glad you found the article helpful! That's exactly why I write these!