How Can You Get Out of a Real Estate Contract in Rhode Island?

This question is about Rhode Island Real Estate Purchase Agreement

How Can You Get Out of a Real Estate Contract in Rhode Island? on iPropertyManagement.com

According to Rhode Island law (§ 5-20.8-2), a buyer can get out of a real estate contract if the seller does not provide them with a completed Real Estate Sales Disclosure prior to agreeing to the transfer of ownership.

Rhode Island buyers can also get out of a real estate contract during several other stages of the buying process. First, the offer must be accepted to make it binding. If the seller rejects the offer, the buyer can make a counter-offer or leave the deal. If the seller agrees to the offer and has not signed it yet, it can be rescinded.

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The information for this answer was found on our Rhode Island Real Estate Purchase Agreement answers.