Is the Utah REPC a legally binding contract?
This is a legally binding Real Estate Purchase Contract (“REPC”). Utah law requires real estate licensees to use this form. Buyer and Seller, however, may agree to alter or delete its provisions or to use a different form. If you desire legal or tax advice, consult your attorney or tax advisor.
Can a seller back out of an accepted offer in Utah?
But can you get out? Yes, you can, if your contract has the right contingencies built in and you don’t wait too long. The seller can, too. Your contract to purchase the home likely includes a contingency clause that states both the buyer, as well as the lender, must sign off on the home inspection and the appraisal.
Are seller disclosures required in Utah?
For a sale to close properly in Utah, the seller must, legally, disclose certain conditions about the home to the prospective buyer. No seller wants to face legal repercussions for inadequately disclosing property defects.