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[quote=Anonymous][quote=Anonymous]OP here - officially backed out and lost their piddly earnest deposit and that's it. Our house is in east county so not the best location, but not horrible. We were surprised toget an offer so quick especially one that waived the inspection. We learned;

- A buyer can always back out of a contract and the burden of enforcement lies with the seller and in most cases, not worth it
- Contracts mean nothing
- Must get higher earnest deposit

I am upset because we had another offer and now want to go back to this agent and see if the buyers are still interested but now they might be wodnering why the deal fell thru, too.

Thanks for your input.[/quote]

It might help you feel better if you hear that it took us three, yes THREE ratified contracts to sell a place a few years ago. The market was not exceptionally hot and the particular property had some negatives, although those were not the reasons that the buyers backed out. To our surprise as soon as one buyer backed out, another one stepped in. Good luck![/quote]

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