Can I Terminate A Real Estate Contract Ive Already Signed

Can I Terminate A Real Estate Contract Ive Already Signed

Can I Terminate a Real Estate Contract I’ve Already Signed


We often get asked by Buyers if they can terminate a Real Estate Contract they’ve signed due to a change of heart or because they found a different house they like better.

First, consult your Attorney for Legal advice specific to your situation. 

However, often times, if the contract has been executed, meaning both the Buyers and Sellers have signed it,  in the state of TN there are at least three ways / Contingencies to Cancel a Contract:


1 Home Inspection 

2 Appraisal 

3 Financing 


Inspection Contingency ~ ~ Buyer / Seller cannot Agree on Required Repairs based upon the Home Inspection Report ~ you as the buyer can get out of the contract and get your Earnest / Trust Money refunded to you.   Not Cosmetic Issues

Appraisal Contingency ~ Appraisal Report is NOT Equal to or Greater than Contract Amount & Seller will Not Agree to the Lower the Price to the Appraised Value  ~ you as the buyer can get out of the contract and get your Earnest / Trust Money refunded to you. 

Financing Contingency ~ If the Lender determines you are No Longer Qualified to purchase the property based upon the terms in the Contract ~ you as the buyer can get out of the contract and get your Earnest / Trust Money refunded to you. 

The Buyer’s Realtor will then prepare a Earnest Money Release Form for both the Buyer’s and Seller’s to sign Releasing the Earnest / Trust Money to be Returned to the Buyer.


Questions?    Call or text Dianne at  615-207-0037 or email [email protected]


Nashville, Brentwood, Franklin Properties for sale Dianne Clayton

 Exit Realty of the South   701 President Place   Suite 150   Smyrna, TN  37167

 615-207-0037     Cell        615-220-0700     Office       

Each Office Independently Owned and Operated





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Phone: 615-207-0037
Dated: May 14th 2018
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Chris Calhoun
701 President Place, Suite 150
Smyrna, TN
615-335-4881
615-625-7939

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