can you get out deal for buying a home if you have not went to closing?

    0  Views: 217 Answers: 3 Posted: 8 years ago

    3 Answers

    Oh yes, you never sign anything before closing.
    Yes, just let your agent know.
    It may vary from one jurisdiction to another, but up here, if you make an offer to purchase, it becomes valid as soon as it is accepted by the seller. You may have an escape clause such as "subject to financing qualification" if your financial institution rejects your application but otherwise, you're on the hook.

    Think about it. If that wasn't the law, everyone would make low-ball offers thinking that even if the seller DID accept, you could always refuse to close the deal. You can't tire-kick when making an offer. You must assume that it may get accepted.

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