“Back on the market:” How agents are navigating the uptick in contract cancellations
Real Trends
OCTOBER 1, 2022
In most instances, if a buyer backs out of a deal due to something on the inspection or for any reasons within the option period, they won’t lose their earnest money deposit. Buyers – and sellers – are blowing up deals as the housing market cools. People just got afraid with the virus — they don’t like uncertainty.
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