I have had to deliver some devastating news to some clients this week. It’s never pleasant when a transaction that has been going along smoothly abruptly ends.
And it’s not always just about money. Human emotions play a big role in how we react to bad news. Nobody likes to lose. The natural tendency is to lash out.
But at the end of the day, the written contract has the final say. A party is either within its rights or is in breach. It’s either one or the other.
And even if a breach has occurred, idle threats have no value. The only remedies that are available to the party that has been harmed are those that have been contractually negotiated or prescribed by law.
It’s a harsh reality, but it is what it is.
Are there options?
Sometimes there are, other times there are not. The advice of a good real estate attorney is essential in determining if a legal response is warranted.
Either way, a calm head and a professional demeanor goes a long way towards a possible resolution.
And if there is none, it’s time to start all over again.