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John Lewis
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I am a Realtor here in the Atlanta area and managing partner of the Safford Group Remax Greater Atlanta. The Safford Group has been in the top 25 teams
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John Lewis answered:
They can back out if there are other contingencies in the contract that have not been satisfied yet. I would have your realtor contact the listing agent and see if the loan looks good and if there are any other contingencies. If there are no other contingencies and the buyer backs out their earnest money is at risk. It sounds like you might need to look for another house but have your Realtor touch base just to make sure. Good luck!
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