Watch Out! Buyer Just Lost $2,000 when backing out of buying a home! It Happens to Many Buyers!

Ouch! No one wants to lose money when backing out of a home. It happens often where the buyer’s financing doesn’t go through, they lose a job, or they get buyer’s remorse about buying a property and back out. There are many different reasons why a buyer may back out of buying a home. However, there are keys to keeping your earnest money. Please remember this disclosure. Im not a lawyer. Im a real estate broker. The law is clear for real estate brokers to be in charge of the earnest money. There are rules that we have to abide by regarding earnest money.

What is Earnest Money? Earnest Money is a deposit you put down on a home. The amount shows how willing