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Real Estate
Reply to "Buyer backing out of no contingency contract"
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[quote=Anonymous][quote=Anonymous]Agent again. I was afraid that what you stated as a conclusion is true: Contracts do mean nothing. It's complete bullshit.[/quote] In what way do contracts mean nothing? It sounds like the OP got everything he was contractually entitled to. I'd be very surprised if his actual damages exceed that. I'm not sure what the issue is. The buyer for whatever reason couldn't buy the house and forfeited the earnest money as spelled out in the contract. Sometimes things happen. It sounds like the buyer was above board. They could have tied up the house for a long time to try to get earnest money back. If anything, it's on the seller/listing agent for not getting more of a deposit. Sure it's disappointing, but it's time to move on.[/quote]
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