I'm missing something. If they put up earnest money, it was not contingent on the appraisal (or something else that didn't pan out) and they backed out of the deal, the money is rightfully yours, as best I understand. It doesn't make sense for you to have to be out time and money every time you take your house off the market in exchange for earnest money, and a buyer renigs.
Otherwise, what exactly is earnest money? I'm always for doing the right thing! But if earnest money was provided, retaining it for your expenses and time loss is the right thing to do. What am I missing?
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