Can We Get Our Earnest Money Deposit Back ?

[dropcap2]Q[/dropcap2]we gave a $2,000 earnest money to the agent and my husband wants to not buy the house can we get the money back?

[dropcap2]A[/dropcap2]Do you have a signed & accepted purchase agreement (signed by all parties)? Did he sign the purchase agreement with you? What contingencies does that agreement have written into it. If you did sign an agreement, the language contained in that agreement will spell out your remedies. It is possible that you will have to forfeit the money. If you didn’t sign an agreement, then you should be able to get your deposit refunded. If in doubt, meet & discuss with the agent or their Broker/ Manager.

About the Author

Licensed since 1979, I give you my personal guarantee that your real estate transaction will be the most organized process you will ever experience.

+Rick Landuyt