Home Buying in Palo Alto>Question Details

mnmprop, Home Buyer in Palo Alto, CA

If you make an offer on a property, can you withdraw your offer within 3 days without forfeiting the deposit (3% check)?

Asked by mnmprop, Palo Alto, CA Wed May 21, 2014

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In almost every instance, yes. Your contract should include several "out" clauses that you can use to cancel and get your deposit back. The most common usually relate to problems found during inspections, though there are usually other ways to get out of the deal without having to do much more than say you want out. As long as you cancel within the period required in the contract, the deposit should be returned to you.
0 votes Thank Flag Link Wed May 21, 2014
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