Tag: Option purchase sale agreement

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Can the buyer back out of the property purchase?

Estimated Reading Time: 7 Minutes Are you afraid the buyer can back out of the property purchase? Don’t be! Just make sure you take the necessary steps it can’t happen. Or, if it does, you’ll be paid well for your efforts. If a buyer has put in an offer, and the seller has agreed to…

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Will I lose earnest money in escrow if I don’t close?

Estimated Reading Time: 7 Minutes Not very often buyers ask if they lose earnest money in escrow if they will not close on time. Most of the time, they have an agreement to back it up. You don’t want to lose part of your nest egg because you made the wrong decision. It’s horrible to…

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