Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "How much money do I lose if I make an offer but pull out after inspection?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I did the same thing two years ago. I felt a little guilty, but the inspection revealed too many problems. I disagree with the commenter who claims that you lose your EMD unless the inspection reveals serious issues. As long as the contingency period has not expired, you can back out for any reason after the inspection. [quote=Anonymous]I made an offer with an inspection contingency and then backed out because the inspection brought up some really serious issues that I thought were unfixable or would at least be horrendously expensive. The house was already priced high, so I was concerned it would be a money pit that I would regret buying. The only money I lost was the inspection fee, about $450. Best $450 I ever spent. I felt horribly guilty for backing out, but luckily they sold it to another interested party almost as soon as I backed out, for about $10K less. i guess their inspection didn't scare them so much.[/quote][/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
