Zillow Advice: Home Buying - Can you back out of a sales agreement during the contingency period for any reason?

Well, "for any reason," no. ...

Fri, 19 Jun 2009 21:58:00 GMT

Well, "for any reason," no. If the reason is simply because you've changed your mind or now have cold feet, you could be in jeopardy of losing your deposit. However, if you are within your contingency periods, or if you made an offer to purchase contingent upon additional approvals, such as interior inspection or spousal approval or etcetera, then you may cancel without forfeiting your deposit per the specified contingency. For the best answer, you should have your agent explain your offer and the contingencies specified in your offer.

You, and your agent set the ...

Fri, 19 Jun 2009 18:23:00 GMT

You, and your agent set the contingencies, read them and figure out if you are in time to use them. Once an offer is accepted, all contingencies begin, some are specific time frames, and other are conditions that must be met. The answer is in the offer you presented. Talk to your agent about this as well.

Las Vegas Nevada Real estate

If you have not removed your ...

Fri, 19 Jun 2009 18:13:00 GMT

If you have not removed your Loan, Appraisal, and Investigation conditition during the prescribed timeline you can cancel. I find that not a prudent thing to do, but you can, inlight of the fact that it is such a great buyer's market and I do not think you will have such an opportunity to come around real soon and you will look back that you should have bought