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Updated about 3 years ago,

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41
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8
Votes

Canceling a purchase agreement without an inspection

Tralecia K Young
Posted

I recently just viewed a property that I was interested in and made an offer and my offer was excepted. My realtor made me waive my inspection due to the market being so competitive. I have a mortgage contingency as well as a dream buyers grant contingency and a I have to cover up to $2500 worth of FHA repairs. The house got appraised and it came back with some things that need to be fixed. I later went back to the property and the property suffered water damage causing the roof to cave-in. My realtor said that I can't say anything about the roof because the roof passed the appraisal inspection. I no longer want to be in contract with the house and would like my earnest deposit back. How do I go about getting that back?

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