Talk of The Villages Florida - View Single Post - Recent buyers - contigencies
Thread: Recent buyers - contigencies
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Old 01-13-2024, 01:34 PM
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Originally Posted by retiredguy123 View Post
My only issue is that, if the seller requires the buyer to address inspection and insurance contingencies before signing the sales contract, it gives the buyer more time to change their mind about buying. Buyer's remourse is often a key factor in a real estate sale. I think a lot of real estate agents would rather collect the earnest money and get a signed sales contract as soon as possible, even if there are some contingencies.
IMO I would take less than 5K earnest non refundable money due the fact they could back out on last day and I would be stuck after I boxed everything and moved out.