Can I cancel while my property is in escrow?

Once you accept the buyers offer, you better prepare to actually sell your property.

Chances are the buyer will perform by removing all of their contingencies and you will have to abide by the contract by selling your property.

Accepting a purchase contract for your property is not a game or a joke... the consequences are very real.

It's hard to cancel escrow as the home seller

As a home seller, your options are very limited to cancel escrow with the buyer of your home.

You can't just wake up one day during escrow and decide you no longer want to sell your property.

You signed a contract to sell your property to the buyer, and you have to abide by that contract.

Sellers are able to cancel escrow if the buyer doesn't perform.

For example, if the buyer inspection contingency is over and they still have not removed that contingency in writing, you can then send the buyer a notice to perform.

That means the buyer has 3 days to remove the contingency or back out of the deal.

If 3 days pass and they still don't remove the contingency, then you can send the buyer an escrow cancelation form.

You have to wait on the buyer to not perform to be able to cancel escrow, you can't cancel because you changed your mind about selling.