Define opportunity. opportunity synonyms, opportunity pronunciation, opportunity translation, English dictionary definition of opportunity. n. pl. opÂ·porÂ·tuÂ·niÂ·ties 1. A favorable or advantageous circumstance or combination of circumstances. 2. A chance for progress or advancement, as in a...
Share on Google Plus. Breaches of real estate contracts occur when one party fails to perform a contract provision. Buyer breaches include not meeting a loan or physical inspection. Seller breaches may include failing to deliver clear title or statutory disclosures. The parties must follow the method of dispute resolution contained in the contract to resolve contract breaches.
A huge risk is that the buyers fail to close. You wouldnât believe some of the things that can happen, over my 19 years in real estate I have witnessed some crazy things. Everything from the lender going bankrupt after closing but before recording, to the buyer getting fired the night before the closing.