Home Buying in Chattanooga>Question Details

Johnny Brust, Home Buyer in Plainfield, IL

The listing agent countered my original offer and I accepted. This morning I gave them an earnest check but no contract was signed. Can I back out?

Asked by Johnny Brust, Plainfield, IL Mon Aug 26, 2013

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Yes, no contract no date no deal.Ruth
0 votes Thank Flag Link Thu Oct 17, 2013
The houses in my area are disappearing rapidly. A new listing popped up which is over 1000 sf larger and 8k less. Yes, it does need new flooring, but I have the resources for that.
0 votes Thank Flag Link Tue Aug 27, 2013
You would need to consult with your Buyer's Agent.
0 votes Thank Flag Link Tue Aug 27, 2013
Why did you agree and provide an earnest deposit if you don't want the house? You can always back out of a contract, but the price of doing so varies as you go along. Don't agree if you don't agree. In many states a verbal contract is still recognized because it is a contract. Buyer's remorse gets more painful the further into the process one goes, so the earlier you nip it the better, but not entering an agreement you don't really want is the best practice.
0 votes Thank Flag Link Tue Aug 27, 2013
You have no binding agreement. Yes
0 votes Thank Flag Link Tue Aug 27, 2013
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