Mothering Forum banner

1 - 6 of 6 Posts

·
Registered
Joined
·
260 Posts
Discussion Starter · #1 ·
<p>In what situations does the would-have-been buyer not lose their earnest money when a real estate deal doesn't work out?</p>
 

·
Registered
Joined
·
5,903 Posts
<p>In my experience it all depends how the contract is written.  How the buyers relator writes up the offer, what the terms are, what the seller agrees to etc.</p>
 

·
Registered
Joined
·
2,172 Posts
<p>We did when we were outbid<span><img alt="winky.gif" height="15" src="http://files.mothering.com/images/smilies/winky.gif" width="15"></span></p>
 

·
Registered
Joined
·
3,216 Posts
<p>We got our earnest money back on 2 different homes.  The first came back w/ issues on the home inspection and we had a home inspection contingency in our contract.  The second, we were in negotiations and we rejected their offer (it wasn't favorable for us), so we could proceed on another home (the one we ended up buying).</p>
 

·
Registered
Joined
·
260 Posts
Discussion Starter · #5 ·
<br><br><div class="quote-container"><span>Quote:</span>
<div class="quote-block">Originally Posted by <strong>mnnice</strong> <a href="/community/forum/thread/1287038/when-do-you-not-lose-earnest-money#post_16135005"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a><br><br><p>We did when we were outbid<span><img alt="winky.gif" height="15" src="http://files.mothering.com/images/smilies/winky.gif" width="15"></span></p>
</div>
</div>
<br><br><p>Wait, you lost your earnest money when you were outbid? Why would that be?</p>
 

·
Registered
Joined
·
3,135 Posts
<p>I believe it would only have been if one of the contingencies written into the contract fell through or the seller backed out for some reason.</p>
 
1 - 6 of 6 Posts
Top