As a Designated broker I train my agents to review the purchase and sale agreement with the buyer(s) prior to letting the buyer(s) sign it. Unfortunately as this question proves this is not standard procedure but I believe it should be. We could eliminate many issues if we just spent a little more time educating our clients/customers. If you not are not currently working with an agent feel free to stop by and I will help you sort through whatever you need to get to a closing.

Kara,

I am assuming that you the Buyer in this example.

As a seasoned 7 year Broker, I prefer Bill Ecker's answer the best.

Go ask YOUR real estate broker. This is why you have a Buyer Broker. They help you!

If you do not have one, contact an attorney. I can recommend one for you if you would like.

But everything is in the Purchase and Sale agreement. It cover's situations like this.

Good luck!

Hi Kara,

It looks like you are in good hands based on the answers these gentleman have given you. Although not related to your question, if you are in the market for a new home you can visit my website at http://www.DaleDoughty.com. You may find some useful information there, especially if you are a first-time home buyer. I noticed you are in Waterboro. My office is located at 1168-A Main Street in Waterboro.

Also, if you haven't found a lender we would love to help, we have dozens available and hundreds of different products to fulfill all of your wants and needs. Good Luck!!!

Hello Kara,

I like your last name. I'm assuming that you are under contract and the seller is refusing to sign the Investigation Contingency Release that you sent prior to your contingency expiring. If you still want the house, you must decide if you're willing to purchase it as is, otherwise your agent needs to get a cancellation form, signed by you, to the seller to cancel the contract. If the seller has changed their mind about selling, then they are in default, and you may "employ all legal and equitable remedies" including the return of your earnest money This is covered on page 3 of the purchase and sale agreement, paragragh 18. In many cases the seller will offer to pay the cost of your inspection and appraisal, speak to your buyer agent if this is the case.

Kara,

Your answer can be found in your purchase contract. Ask your agent to review it with you relative to your issue. If this is not possible, we recommend contacting a real estate attorney for their advice.

Good luck