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Updated over 9 years ago,

Roy Mitle's profile image
Roy Mitle's profile image
Roy Mitle
  • from Palo Alto, CA
  • Member since Dec 6, 2014
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100
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14
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Roy Mitle's profile image
Roy Mitle's profile image
Roy Mitle
  • from Palo Alto, CA
  • Member since Dec 6, 2014
Connect
Roy Mitle
  • Palo Alto, CA
14
Votes |
100
Posts
Buying & Selling Real Estate

Backing out from a contract

Roy Mitle
  • Palo Alto, CA
Posted

If you file an offer w/o putting in earnest deposit, are you allowed to back off later on and not be liable - legally or financially

Say you put in offer and the offer gets accepted but no money has changed hands. Before putting in the ernest deposit (3%) you back out of the deal. Are you still liable for the deposit?

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