Ask Experts Questions for FREE Help !
Ask
    lindaskalem's Avatar
    lindaskalem Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 26, 2009, 11:43 AM
    Buying a house
    I just put an offer in on a house , on some conditions I signed the papers to put in the offer but I put no money down how long do I have to back out of this deal if I'm not interested.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Mar 26, 2009, 11:44 AM

    It's in your paperwork and it varies.
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #3

    Mar 26, 2009, 11:48 AM

    If the offer has been accepted and signed, usually until the end of the inspection period. If the offer has not been accepted yet, you can withdraw the offer at any time until it is fully signed.

    But if you don't want the house, you shouldn't have offered on it. By accepting your offer, they must then reject others, so you are potentially affecting their ability to sell their house.
    lindaskalem's Avatar
    lindaskalem Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Mar 26, 2009, 11:58 AM
    Well the house I put the offer in for and put no mone down I found out from the township that the street had to change to town water but this house that I am interested in did'nt comply with that so they pay an entra 50.00 for not complying with the township so that would mean I have to put an extra 8000 on to the price I offered that's why I want to back out
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #5

    Mar 26, 2009, 12:01 PM
    Quote Originally Posted by lindaskalem View Post
    well the house i put the offer in for and put no mone down i found out from the township that the street had to change to town water but this house that i am interested in did'nt comply with that so they pay an entra 50.00 for not complying with the township so that would mean i have to put an extra 8000 on to the price i offered that's why i want to back out
    Perfectly reasonable. My suggestion would be to call your real estate agent and speak to him about it. He'll be able to tell you the exact timeframe you are in. Your mortgage agent should also be able to.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Buying a house where someone die in it. [ 5 Answers ]

I'm just curious what everyone thinks, would you buy a house where someone committed suicide?

Buying a house. [ 6 Answers ]

I am buying a house with my boyfriend... however, everything is 100% in my name. We've verbally agreed that we go in 50/50 and walk away 50/50. I know this is an extremely slippery slope, considering everything that can go wrong... but I'm looking for a little advice in regards to protection. ...

Buying a house [ 2 Answers ]

Is there a way to buy a house & land with bad credit & no money down? My husband & I haved lived in Iowa for four years. Now our landlords say we have to move so they can build a house here for there daughters. My husband works hard but we have a lot of bills two kids & a lot of animals so I do...

Buying a house [ 2 Answers ]

I am currently looking at buying a home and it's an older home that has been mostly updated. Except for of course, the plumbing. The basement still has the old cast iron pipes for the sewer... Would this be very expensive to replace. The house has about 1500 square feet of living space. I know...

View more questions Search