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Reply to "How much money do I lose if I make an offer but pull out after inspection?"
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[quote=Anonymous][quote=Anonymous]You lose your earnest money deposit. The inspection can only be used as a reason IF the inspection reveals major issues that the owner is unwilling to either pay to repair or mitigate themselves. You cannot back out just because you suddenly think its going to be too much work. shoulda thought about that before you put the contract on the house and wrote the check for the deposit. [/quote] It's not as easy as that. If you can't remove the inspection contingency for any reason, the EMD is safe. If a seller sensed the buyer is trying to walk, seller would probably agree to most things on the inspection list.[/quote]
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