Profile picture for gaoshuemoua

Can you get out of buying a home when it's really close to closing?

Put an offer on a home - seller accepted. Two days before closing, went to do a second look and after seller have moved out and house is 3/4 empty, noticed that there were damages to the home. Window sills, cracked ceiling, possible water damaged in basement, etc. Is it possible to get out of buying the home when it's so close to closing time?
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August 28 - US
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Answers (3)

Profile picture for Dan Tabit
Gaoshuemoua, 
What does your contract say?  Not only about getting out of the deal, but the condition they promise to leave the house in?  If the damage you are finding is new, it may not be consistent with what was promised and this could open a door to either get them to repair it, or provide you a legal way out.  
As Mack said, you're worst case "may" be the loss of your earnest money if you just walk away.  Again your contract will dictate whether this is the case or not.  
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August 29
Profile picture for wetdawgs
Did you have an inspection as part of the buying process?
Did you sign off on the inspection contingency?
Has the condition changed since the inspection?

If the answers are yes, yes, no.... then are you will to forfeit your earnest money?
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August 28

Are you willing to forfeit your earnest money?

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August 28
 
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