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