Imagine finding the perfect home. After weeks, maybe months, of searching, it’s just what you’ve been seeking. You get it under contract and have it inspected. After jumping through all the hoops for the mortgage, hiring movers, packing, and more, you’re ready to close. Then the seller decides they don’t want to sell it to you after all.
Wait, you say. They can’t do that. You would be right.
But what if they do it anyway? What options does a homebuyer have when a seller changes their mind?
For the seller who changes their mind, there are consequences. For the would-be buyer, there are a couple of options.