we made a offer on a house and they accepted but we want to withdaw what can they do it was all the same day?

Answer 1

All bogus. If your contract has an option period, attorney review period, inspection contingency, or homeowners association contingency, you can cancel/withdraw/backout of the contract in writing WITH NO PENALTY for a specified number of days. Read your contract. I hope you didn't follow the advice of a bloodsucker and not put any contingencies in your contract or worse remove the built-in ones from a preformatted contract.

Answer 2

You can ASK, but they do not have to accept your request for withdrawal. You signed a legal and binding contract, and it became legal and binding the moment your signatures and those of the seller(s) were affixed to the document.

Some states have three day rights of rescission on assorted contracts, but generally, real estate contracts are exempted from those rights, simply because they are consumer-to-consumer oriented contracts, and financial loss can occur if rescission is allowed.

Answer 3

Check your states real estate laws and the contract you signed. In most cases you will most likely lose your earnest money you placed with the seller when you made the offer.

Answer 4

Read your contract. Most will call for forfeiture of of your earnest money deposit if you fail to follow through unless it's for one of the contingency clauses such as financing.

Answer 5

You can withdraw, but I believe you will be giving up your earnest money deposit. Maybe the seller will be kind and let you off the hook, but I wouldn't count on it.

Answer 6

In most states there is an attorney review period of 5 days. You can have your attorney reject the offer within that period of time.

Answer 7

have you been approved for a mortgage?

do a home inspection and find something wrong.

Answer 8

read your contract. It will say.