Length of time to change mind after signing a contract.

[Jayburn]

What is the name of your state? Maine



If you sign a contract for the purchase of land, and give a good faith deposit, how many hours (days) do you have to change your mind?

(I need this info quickly! )

Jayburn

 

[HomeGuru]

What is the name of your state? Maine



If you sign a contract for the purchase of land, and give a good faith deposit, how many hours (days) do you have to change your mind?

(I need this info quickly! )

Jayburn

**A: how quick do you need the info?

 

[Jayburn]

How Quickly?

While in Maine, we purchased a piece of property and signed a contract at 5pm Saturday, the 10th, leaving a deposit of $1,000 as good faith. We then returned home to NJ. While travelling, had several thoughts about the property and called the realtor. His answers were not really satisfactory and we'd like to get out of the contract if we can. Someone told us you have either 48 or 72 hours to change your mind. Is this true or do we bite the bullet?

Jayburn

 

[HomeGuru]

Re: How Quickly?

While in Maine, we purchased a piece of property and signed a contract at 5pm Saturday, the 10th, leaving a deposit of $1,000 as good faith. We then returned home to NJ. While travelling, had several thoughts about the property and called the realtor. His answers were not really satisfactory and we'd like to get out of the contract if we can. Someone told us you have either 48 or 72 hours to change your mind. Is this true or do we bite the bullet?

Jayburn

**A: and how does your response answer my question?

 

[JETX]

How does that bullet taste??

 

[HomeGuru]

I hope it's a silver bulllet rather than a lead one. I heard lead is poisonous.

 

[Jayburn]

How does this answer address your question?

Simple math tells us that 5 pm Saturday to 5 pm Tuesday is 72 hours....I simply wanted an answer to whether or not a contract can be legally cancelled within 72 hours. I'm glad I provided you guys with some fun, now that you've had it, perhaps someone else could answer my question?

 

[HomeGuru]

Re: How does this answer address your question?

Simple math tells us that 5 pm Saturday to 5 pm Tuesday is 72 hours....I simply wanted an answer to whether or not a contract can be legally cancelled within 72 hours. I'm glad I provided you guys with some fun, now that you've had it, perhaps someone else could answer my question?

**A: and simple common sense would tell us that in your contract there may or may not be termination provisions and contingencies. Being that we do not know what these are, we cannot advise you accordingly.

signed,

someone else

 

[Jayburn]

Perhaps I found the

wrong web site. Sorry I bothered you.

Jayburn

 

[HomeGuru]

Lesson learned.