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Can I get my earnest money back?

  • Broadcast in Real Estate
Sonyas Real Estate Connection

Sonyas Real Estate Connection

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There's an accepted offer on a property. The buyer completed an inspection and appraisal as per the offer contingencies. The property did not pass inspection or appraisal so the buyer wants to cancel the contract and get their earnest money back. However, the seller argues that the buyer missed some of the deadlines in the offer to purchase contract thereby causing the buyer to breach the contract. The seller wants to keep the buyer’s earnest money. Who is right and who is wrong? Where should the earnest money go?  We’ll explore these issues in greater detail. Tune in to learn more!

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