2007-08-28 13:32:34 · 3 answers · asked by omar c 2 in Business & Finance ➔ Personal Finance
if there is really no reason for you to back out why should you get your earnest money back -- not likely but while the house was off the market waiting for you to dick around the owner might have sold to to someone else at a higher price -- that is why they call it earnest money == either take the house or forfeit the money!!!
2007-08-31 09:45:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The offer that you signed should have a contingency in it for you to have a change of heart.
In the offer contracts that I've signed, I make sure that there are "outs" for me (like it has to pass a home inspection, all appliances & window treatments *must* stay, and either the Seller re-carpet some or all of the house or they give me an allowance to do so).
If I truly like the house, I know that I'm probably going to accept their counter-offer. If I made the offer to buy myself some time, there's a good chance that the Seller will counter my offer & I can decide at that point if I want to continue the negotiation.
I hope that you are still in the negotiating stage of the offer. If so, when the Seller counters your offer just decline it. Your Realtor should be able to help you get the earnest money back.
Good luck & happy hunting!
2007-08-28 13:44:57 · answer #2 · answered by Babs 4 · 1⤊ 1⤋
Unless there was a contingency in the offer, you can't. I have never heard of a contingency for "I changed my mind". I would be shocked if anyone accepted any offer with such a contingency.
2007-08-28 15:24:47 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋