Quote:
Originally Posted by elle123
"When buying a house, you typically lose your deposit (also called "earnest money") if you back out of the deal without a valid reason outlined in the contract, such as failing to meet contingencies like getting financing approval, passing inspection, or if you simply change your mind after signing the purchase agreement; in these situations, the seller can usually keep your deposit."
|
The right to cancel gives the buyer to right to cancel for any reason. Too much confusion here.