Beth gives good advice. Let me know what price point / payment / down payment you are looking for. I have a couple of houses for contract sale and I know several good investors that sell on contract. A lender, whether bank or private investor, never feels good to here a seller walked away form their home - but a good down payment would help to aleviate some fears.
RE/MAX Real Estate Concepts
Des Moines, IA
Licensed Real Estate Broker in Iowa... more
A purchase agreement is a legally binding document. There are, however, many provisions within the document for it to be voided. Each real estate company has a slightly different document, so generalized advice cannot be given, If this is what you really want to do, discuss it with your Realtor and / or attorney - they can definately help you.