WHY DO HOME SELLERS RENEGE ON SALES CONTRACTS?

Sellers may have a variety of reasons for trying to back out of an accepted purchase agreement.

Among them:

The seller gets a higher offer from another buyer.
The seller has been unable to find a suitable replacement home.
The seller loses a job or a family member dies, making it financially difficult to move.
The seller has emotional ties to the house and can’t let go.
There is a disagreement within the seller’s family about leaving the house.
The property appraises for more than what the buyer has offered.

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