3 days before closing and I want to back out..can I?

[Anonymous]

be prepared to give up your deposit

[Anonymous]

Every summer our "nice" neighborhood has things happen (car breakins, some vandelism). How bad is it?

[Anonymous]

Our nice neighborhood had a few crazies as well this summer. Just stay vigilant, lock doors, etc.

[Anonymous]

OP your name will be passed around amongst realtors as the people who backed out with 3 days to go. No one will touch you again, you literally won't be able to buy anywhere.

[Anonymous]

OP, you're horrible. You should have done your research on the home well before you put an offer on it. You sound like a selfish immature spoiled prima Donna.

[Anonymous]

I hope the sellers sue the shit out of you!

[Anonymous]

OP. Please come back and post the amount of damages and legal fees the court ordered you to pay

[Anonymous]

Which neighborhood? It sounds to me like you got cold feet. Just take possession of the house, live in it for one year. If you hate the home, you can rent it out.

Unless you're independently wealthy, 90% of people buying a home would not be able to afford to lose their EMD. I know we wouldn't be able to afford it, and our income is $270K per year. $30-40K is huge money to us.

Frankly, I think a year from now you will look back at this episode and say "WTF was I thinking?" The home will work out, your life will be fine.

[Anonymous]

Anonymous wrote:OP your name will be passed around amongst realtors as the people who backed out with 3 days to go. No one will touch you again, you literally won't be able to buy anywhere.

This. You know they all know each other right? Also, if the next house you want is listed by the same realtor/group as the house your backing out of they will never accept your offer. Never. This will have repercussions-promise.

[Anonymous]

Your lender works for you, not the seller.
Pull your loan. Tell your realtor you found out new information about the area. People are just freaking you out to be dramatic. Realtors know how to manage these types of scenarios.

[Anonymous]

Anonymous wrote:Which neighborhood? It sounds to me like you got cold feet. Just take possession of the house, live in it for one year. If you hate the home, you can rent it out.

Unless you're independently wealthy, 90% of people buying a home would not be able to afford to lose their EMD. I know we wouldn't be able to afford it, and our income is $270K per year. $30-40K is huge money to us.

Frankly, I think a year from now you will look back at this episode and say "WTF was I thinking?" The home will work out, your life will be fine.

Exactly. There is always going to be a better house, that is just the way it goes.

[Anonymous]

I'm PP and work with realtors. There isn't some client shit list that will blackball you from the market. No one likes losing a sale but if they're a good realtor they will find you another home. I'm so annoyed by all the fear mongers on this thread who clearly have zero professional experience in purchase transactions.

[Anonymous]

Anonymous wrote:Your lender works for you, not the seller.
Pull your loan. Tell your realtor you found out new information about the area. People are just freaking you out to be dramatic. Realtors know how to manage these types of scenarios.

The lender will be no help to you if they sue you. This comment is useless. The lender has nothing to do with this since pulling out does not have to do with financing.

[Anonymous]

My friends live in a really great neighborhood in an expensive zip code, and earlier this year, they had a rash of car break-ins. The culprit was eventually caught. Face it, even nice neighborhoods can present opportunities for crime. Stick with your decision, lock your doors and don't keep stuff in your car that thieves could see. (i.e. your purse.)

[Anonymous]

Anonymous wrote:I'm PP and work with realtors. There isn't some client shit list that will blackball you from the market. No one likes losing a sale but if they're a good realtor they will find you another home. I'm so annoyed by all the fear mongers on this thread who clearly have zero professional experience in purchase transactions.

If OP is looking in a specific target area it is possible it could be the same group or listing agent she backed out of the deal with and you know they aren't going to go through the possibility of that again.