Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Earnest money not refunded - First time home buyer, need advice
Hello All,
First time home buyer here. I ran a search and couldn't find anything in greater detail about earnest money refunds.
My current situation:
I am in cancelling a home purchase due to all items on the amendment purchase agreement not being met. The sellers and their agent will not refund me my earnest money. In the amendment and in this exact wording we requested "Buyers requests that all work be done by licensed professional/reputable company and copies of all work-orders/receipts for repairs" and "All repairs should be completed on or before 7/16/2018" . In short, a radon system needed to be installed, electrical work and garage structural work.
We asked for receipts on 7/16/2018. The seller's agent advised we did not make it clear on the amendment that they needed to provide receipts during this time and that only all work/repairs would be made on or before this time. They managed to provide two receipts electronically after two hours upon our immediate request. The two images below are the Radon and Electrical receipts. I am skeptical about the legitimacy of the electrical receipt (no invoice number, comments section asks checks to include invoice number which does not exist on the receipt). Garage work was performed although no receipt was provided therefore I cannot validate if the work was performed by a licensed professional.
Does the sellers agent make a valid case in keeping my earnest money? My agent and broker is not assisting me in trying to recover my earnest money. Any thoughts and comments about my next steps are greatly appreciated.
Thank You.
Radon Receipt
Electrical Receipt