You put a bid om a home and then try walk away usually means you get sued.
You put a bid om a home and then try walk away usually means you get sued.
[0]: https://www.lawyers.com/legal-info/labor-employment-law/job-...
Generally, an offer that has not yet been accepted does not create a contract, so probably not.
If it has been accepted, maybe, though in an at-will employment jurisdiction, probably not for the loss of employment, but maybe for reliance damages in some cases.
Not trying to defend Meta, they are gonna be just fine without me arguing in their favor on HN, but isn't this just the other side of the "you can quit any time you want without a warning" coin? Yes, rude and shitty to do, but I feel like it goes both ways, and it is kind of difficult to defend one without defending the other.
There is some minimum notice period I guess.
e.g. as a private citizen in germany you have the right to return whatever you buy online, for whatever reason within 2 weeks.
I'm not aware of similar rights if it is a B2B transaction.
Yes, this is the result of at-will employment, and you're understanding the dynamic correctly. It sucks that it's legal
You might forfeit your earnest money, depending how the offer is written. But there are ways around that, and that's part of why some people advise having an attorney help write your offer. An attorney will include escape clauses that a realtor might not. Of course if there are too many escape clauses, your offer might get rejected, so it's a balancing act.
People back out of home deals all the time. For example, if the seller counter-offers your bid price, or asks for any other change in the offer, you can just drop the whole thing.
Obviously, before you actually have a signed contract or if you have a contingency in your contract, you can back out without a problem.
Usually the other way around. You can’t make someone buy but you can make someone sell. The buyer may lose their downpayment if they walk, but the seller can be sued to achieve “specific performance”, forcing them to sell if they get cold feet.
Even then, you can generally get the earnest money back if appraisal or inspection fails.