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If you lose your earnest money, is it really that big of a deal? The seller took their home off of the market and so it is probably the least they deserve. Of course your real estate agent is the one who really loses, as they have spent a lot of time and money (I presume) helping you find a home. Be sure they at least get some kind of referral fee with your new agent in the city you move to...unless you just feel like compensating them for the time and effort they have applied out of your own pocketI think you can absolutely back out of this deal. Did your real estate agent implies that there is no choice but to buy the house? What other costs does he say you will owe besides the earnest money and whatever else you have already spent on inspections and such?
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