Managing Broker, Real Estate Broker (14 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Land

Advice

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I'm buying house and under contract, but I found there's no parking with the house, can I cancel it?

Answer

This is a hard question to answer without reviewing your purchase agreement, but most state contracts have some kind of provision, often known as an "investigation" or "inspection" period, during which time a buyer has the opportunity to investigate any/all aspects of the subject property.  In my state, this clause is written very broadly and allows a buyer a risk-free exit from a contract anytime during the agreed upon period.  If your contract is unclear, consult an attorney. 

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