If a purchased agreement on a house is signed, can you back out of it?

Question

I'm actually posting this for a friend of mine. She found a house she liked and decided she wanted it. Well the problem came when she went back to the house with the buyers agent, she had already had the papers drawn up and everything. She told my friend that she would fix it so that she would get money back for repairs (it needed a new roof), but my friend found out after the papers were signed that it wasn't true. Does she have the right to back out of the agreement based on this misinformation?

Answer 1

Someone did not understand the concept.  Buying bank repo's is not for the faint of heart.  You know that everything will go wrong.  Usually it does.  I had 7 leaking faucets when i turned on the water on my last repo.   Of course, the water was off when it was owned by the bank.  All repo buyers have to assume that nothing will work and make their offer accordingly.  Someone did not understand the concept of an "as is" sale.   /

Answer 2

She should go straight to the broker (agent's boss) and see what he says.  Otherwise, she'll need to hire a RE attorney to try to extricate herself from this mess.

Does she have any proof of the misrepresentation?