2007-02-26 12:25:23 · 3 answers · asked by mvansach 1 in Business & Finance ➔ Renting & Real Estate
I believe you can void the contract and retrieve deposit on it, within three days (in writing), unless it states differently on the contract. Most people don't know this until it' s too late or find it difficult to find out where or who to contact to send it. ( I hate pressure salesmen).
2007-02-26 12:36:15 · answer #1 · answered by trojan 5 · 0⤊ 0⤋
On a real estate purchase contract? In general , NO. You CAN put an "Option Period" into a contract. Basically, it gives the buyer the unrestricted right to back out during an agreed upon time frame. Maybe 7 or 10 or 15 days...
2007-02-26 12:45:55 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋
No, people get confused. The 3 day right of rescission is for refi's only. This does not apply to a purchase.
RE Agent,
Remax
2007-02-26 15:41:02 · answer #3 · answered by frankie b 5 · 0⤊ 0⤋