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re: Real Estate Earnest Money Question

Posted on 4/16/19 at 4:35 pm to
Posted by Kraut Dawg
Member since Sep 2012
4510 posts
Posted on 4/16/19 at 4:35 pm to
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This post was edited on 11/8/20 at 6:06 am
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7222 posts
Posted on 4/16/19 at 8:15 pm to
They likely could back out and keep their deposit if they are still within the inspection period. Even though you know that it has to do with the date, they could back out saying they found something wrong with the house that they don’t feel comfortable with.

As a seller, there is no way I would let a sale fall through over the date of closing. Everyone thinks that bc they got one offer that another another one will come. I’ve seen plenty of times where the sellers house will sit on the market for months after the first one falls through.
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