> Question on geting out of a home purchase?

Question on geting out of a home purchase?

Posted at: 2014-09-26 
No. You are taking the loss, the earnest money. You can not be forced into a closing on a house for various reasons. If you feel that you can not afford the house or it isn't suitable for the size of your family, terminal illness, loss of a job and a fear of your safety. Meanwhile, go to your local police station and ask about the crime rate in that neighborhood. As a matter of fact, check the sex offenders living closest to that house or in the neighborhood. I doubt that you will be getting a letter from a lawyer. You can't be forced to buy a house, if so your agent would have told you so. That is why you have a closing date. Time enough for inspections and both parties to change their minds. The seller has the right also to back out especially if a job location was canceled. Don't worry about it. Jo Ann

Jo Ann obviously has never tried to back out of a signed contract. Usually a seller will just take your earnest money and let you go however, they have a legal document and can hold your feet to the fire if they so desire.You can go to court and fight it but, in the end, you will lose and have spent the money fighting in court in vain. What the seller has is your signature on a legal and enforceable document. If you don't believe me ask a real estate lawyer in your town. I had the same situation 30 years ago. I saw a lawyer and was told just what I have told you.

Hi, I was about to purchase a home. A day before the closing date, we went to see the house to see if the drain and the tunnig of furnace was done, and it was done by the seller. After we have left, we were driving in the neighborhood and it just did not feel safe. I just had a bad vibe about it. So I called my agent and I told him that I would like to back out of the purchase because of not feeling safe. My real estate agent had done what I had told him. He notified me that for sure I will lose the earnest money. I said I didn't care about that, because I am not going to buy a home that I won't feel safe in. So now the seller is going to sue me, is this possible? and what should I do. Can a lawyer please help me in answering this question and what should I do? I would like to get this answer as son as I can please.