Are Buyers Allowed to Back Out of a Real Estate Purchase Agreement in California?
In California, where I am licensed, the real estate contract/purchase agreement is a legally binding contract that outlines the terms of a property sale between a buyer and a seller. This contract is designed to protect all parties involved and must include key elements to ensure its enforceability.
The Role of Escrow and Title Insurance in California
Californian real estate transactions have a number of protections for both buyers and sellers. Title insurance and escrow services are two of the most important. A safe and easy property transfer can be ensured by being aware of their responsibilities.