A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back
HomeLight
JUNE 23, 2022
However, if the buyer terminates the contract for any other reason not specified in these conditions, the seller is typically entitled to keep the earnest money as a concession for the time they took the home off the market to enter into the exclusive agreement. In competitive markets, this contingency is very unattractive to sellers.
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