With the onset of the pandemic, real estate agents say deals that were in the works are encountering all types of problems, creating havoc in the market as buyers try to back out of contracts. But can buyers cancel due to COVID-19? Real estate lawyers said there isn’t a clear answer.
Real estate agent Kevin Dickenson’s clients had a deal to sell their $3 million Boca Raton house in March.
Then the coronavirus pandemic exploded, and suddenly the home’s buyer announced he wanted out.
Did the sellers let the buyer walk?
Source: Coronavirus Florida: Real estate deals in peril amid buyer fears