2006-08-21 10:10:29 · 9 answers · asked by lola 1 in Business & Finance ➔ Renting & Real Estate
That depends upon your purchase contract and how quickly you change your mind. This is yet another reason to work with a buyer's agent.
2006-08-21 10:52:06 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
What is the seller who relied on your offer supposed to do? They've probably quit showing the house based on your offer so they may have missed other potential buyers.
There are ways to get your deposit back, but not just because you 'change your mind'.
2006-08-21 17:22:02 · answer #2 · answered by Oh Boy! 5 · 0⤊ 0⤋
only way to get your deposit back is when you will not get the financing. you can ask the seller to return your money, but thing about something better , then changing mind.
2006-08-21 21:30:09 · answer #3 · answered by bianca 4 · 0⤊ 0⤋
Nope, that is why they call it a deposit. Only if the deal does not go thru due to unable to get a loan, they do not own it, etc
2006-08-21 17:20:45 · answer #4 · answered by ray56_32223 2 · 0⤊ 0⤋
Check with your broker, or the documents you signed, the deposit is not usually refundable.
Check soon, there may be a cooling off period.
2006-08-21 17:29:41 · answer #5 · answered by Don't look too close! 4 · 0⤊ 0⤋
no, earnest money (or deposit) isx for exactly that purpose. The sellers take the house off of the market when you put down that money...if you back out, you screw them...that is their insurance.
2006-08-21 17:21:27 · answer #6 · answered by IMP 2 · 0⤊ 0⤋
when you write up the contract put in :"deposit not to be cashed until all contingencies are met"
2006-08-21 17:27:22 · answer #7 · answered by Allison M 1 · 0⤊ 0⤋
You can ask. It's doubtful though. "I changed my mind" is not a legitimate reason.
2006-08-21 17:21:13 · answer #8 · answered by oklatom 7 · 0⤊ 0⤋
you want to hired a lawyer and have them take care of the legal matter.
2006-08-21 17:31:49 · answer #9 · answered by danangcity 1 · 0⤊ 0⤋