When you’re selling your property, whether it’s a cattle ranch in Lake City, a home for sale in Lake City, or anything else, it’s exciting when someone makes an offer.
But what happens if your buyers get cold feet?
What Happens When People Get Buyer’s Remorse on a House?
For the most part, buyers can cancel a pending real estate purchase contract. They may lose their earnest money deposit, particularly if they don’t cite a contingency as the reason for leaving the deal, but sometimes cold feet prevent a deal from going through.
Working with an experienced agent—both for the seller and the buyer—can be a tremendous help (and it can go a long way in preventing buyer’s remorse before the deal goes through).
If your buyers get cold feet and back out of the deal for that reason (not because of a financing contingency, an appraisal contingency, a home inspection contingency, or another contingency), they usually forfeit their earnest money deposit.
Are You Selling a House in Lake City?
Call us at 386-243-0124 or get in touch with us online so we can show you how we’ll help you sell it quickly and at the right price.
If you’re also looking for a new home, land, or other property, check out our:
- Waterfront residential
- Waterfront land
- Bank-owned and foreclosures
- Short sales
- Paved road frontage
- Non-deed-restricted land
- Wooded oak tree land
- Land for land home combo
