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Cure means to eliminate or correct a violation or defect.
The short answer is yes, a seller can cancel a contract \u2014 but only under particular circumstances. Even then, there will likely be consequences for the seller, as the laws around real estate contracts tend to favor the buyer rather than the seller.
Many conditional sales contracts involve the sale of tangible, physical assets\u2014sometimes in large quantities. These include vehicles, real estate, machinery, office equipment, tools, and fixtures. A buyer and seller come together and begin the contract with a verbal agreement.
If the seller fails to abide and tries to back out, the listing agent can take the matter to court. Even though the transaction is canceled, the seller is obligated to pay the agreed commission. Nothing serious happens.
A conditional contract is an agreement or contract conditional upon a specific event, the occurrence of which, at the date of the agreement, is uncertain. A common example is a contract conditional upon the buyer getting planning permission.
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Can a buyer back out of an accepted offer? The short answer: yes. When you sign a purchase agreement for real estate, you're legally bound to the contract terms, and you'll give the seller an upfront deposit called earnest money.
In Wisconsin, a seller can get out of a real estate contract if the buyer's contingencies are not met\u2014these include financial, appraisal, inspection, insurance, or home sale contingencies agreed to in the contract. Sellers might have additional exit opportunities with unique situations also such as an estate sale.
Can a seller back out of an accepted offer? Accepting an offer on your home occurs when a contract is made in signed writing. Home sellers can back out of the terms of these agreements in select instances (and for a limited time period), subject to the individual rules, terms and contingencies defined in the document.
CAUTION: Use a WB-41 Notice if a Party is giving a Notice which does not require the other Party's agreement. Use a WB-40 Amendment if both Parties will be agreeing to modify the terms of the Offer.
As stated in the caution immediately following the form title, the WB-40 Amendment to Offer to Purchase is used when both parties are agreeing to modify the terms of an accepted offer to purchase.

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