Are you having second thoughts on your offer? Real estate purchase contracts can be withdrawn, but a specified timeline must be followed in order to avoid losing money.
❌ Canceling Before Offer Acceptance
If the seller hasn't accepted the offer yet, you can withdraw it.
❌ Withdrawing During Contingency Periods
Once the offer is accepted, there are contingency periods each party must fulfill in order to maintain a binding contract. There are inspection contingencies, appraisal contingencies and funding contingencies that the buyer must meet. The seller has to meet disclosure contingencies and if it does not meet these contingencies, you can withdraw.
Looking to buy or sell? Call me today!
(403) 620-2800
mraction@telus.net
Gary "Mr. Action" Fayerman
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Your Trusted Partner in Real Estate. Contact me at 403-620-2800 for all your property needs.
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