On This Page
Current Nevada Law: Subject to Verification
Whether a seller's refusal to close breaches a purchase agreement, and what rights and remedies the buyer has, depends on the contract, Nevada law and the specific facts. A "better offer" does not automatically cancel an existing contract, and dissatisfaction with net proceeds does not automatically create a cancellation right. These are legal questions for qualified Nevada counsel. Lisa does not threaten sellers with made-up legal consequences.
Why Do Sellers Back Out?
- Seller regrets price
- Better offer appears
- Seller can't find replacement home
- Divorce
- Family disagreement
- Unexpected closing costs
- Seller simply changes mind
"I Got a Better Offer"
That does not automatically cancel the first contract.
"I Don't Like My Net"
If the numbers are different from what seller expected, determine why.
Maybe:
- Payoff changed
- Lien appeared
- HOA amount changed
- Credit was negotiated
But dissatisfaction with proceeds does not automatically create a cancellation right.
Buyer Response
Buyer should:
- Preserve communications
- Review contract with Lisa
- Involve broker
- Seek Nevada legal advice when appropriate
Lisa's Role
Lisa cannot threaten the seller with made-up legal consequences.
She can explain the transaction, involve brokerage and help determine whether the problem can be solved commercially.
How Lisa Helps
Many closing disputes are really information or negotiation problems before they become lawsuits. Lisa's first goal is to determine whether the transaction can still be saved.