Detroit Real Estate

 Farmington home buyer tips - what if I decide I don't want to buy the home?  For no reason in particular I just want out of the  purchase agreement.

If this happens before the home inspection you might have a chance to get out of it if there are some inspection issues.  You can use the inspection issues as a reason to get out.  Then you are safe and you can get your deposit back.

The other way you could possibly get out is if you don't qualify for a mortgage any more.  You would need to get a mortgage denial letter from your lender.  Then you could get your deposit back.  I as your agent have to send that along with a mutual release to the listing agent to get your money back.

If you just want to get out of buying that Farmington Hills home and the inspection has passed and your mortgage company won't give you a denial letter then you are going to lose your earnest money deposit.

You can't just change your mind and not expect to lose your earnest money.  The seller has a valid contract and if there is no reason to get out they have the right to your deposit.  It doesn't matter if it is a Farmington Hills home or any home in Oakland County.

If you are looking for any more information on Farmington home buyer tips or Farmington Hills homes, please give me a call or email me.

(313)310-9855 or yesmyrealtor@gmail.com

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