What’s going on family the market is hot, hot, hot and sometimes what happens is that people get overexcited and pay too much for a house. Please don’t be one of those people because what happens is that they pay too much. And then they have second thoughts. Then they’re like how do I get out of this purchase contract please don’t be one of those people. Make sure when you hire a realtor, make sure you listen to them, make sure they do the due diligence, and make sure that the house is worth the money that you’re paying before you get tied up in a purchase contract.
Now, what if you’re having second thoughts what can you do? Usually, you have conditions two conditions financing and inspection usually have about a week and a half, two weeks to remove these conditions. Now, if you fail to remove those two conditions, by the time that you said you were the contract becomes void, and you get your deposit back. Now another thing you could do also is a few failed to deliver the deposit within as expected timeframe. That you said the word in a purchase contract. The purchase contract is void as well. But please make sure you don’t overpay for a house. There is going to be more inventory. Spring is around the corner or summer is around the corner as well.
