[WSBARP] Terminating a PSA

[Douglas Scott]

As quickly as possible, the PC should let the buyer know before the buyer
gets financing or does anything else in reliance. Perhaps honesty is the
best policy without forgetting about any of the possible legal
challenges if PC needs them.  Just how far does the buyer wish to go to get
this house? Specific performance  actions are expensive.   An early
disclosure would allow the buyer time to locate another home.

*DOUGLAS W. SCOTT*
Rainier Legal Advocates|LLC

465 Rainier Blvd. N., Suite C
Issaquah, Washington 98027
425.392.8550 (tel)
425.392.2829 (fax)



www.rainieradvocates.com


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On Tue, Sep 17, 2024 at 12:08 PM Mark Anderson <marka at mbaesq.com> wrote:

> Dear All:
>
>
>
> PC is planning to move across county for his job.  PC enters into a PSA
> for sale of his Washington home.  The day after the PSA is signed around,
> PC (and several of PC’s colleagues) are unexpectedly laid off.  PC wants to
> terminate the PSA to remain in the home.  Buyer has already deposited
> earnest money with Closing Agent.
>
>
>
> I’m trying to think how to best advise PC.  Any ideas here?
>
>
>
> Thanks.
>
>
>
>
> *Mark B. Anderson *ANDERSON LAW FIRM PLLC
> 821 Dock St  Ste 209  PMB 4-12
> Tacoma, Washington 98402
> +1 253-327-1750
> +1 253-327-1751 (fax)
> marka at mbaesq.com
> www.mbaesq.com
>
>
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