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Collecting earnest money + appraisal

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setvector

Junior Member
What is the name of your state?
Colorado

We are buying a house that came in $10k below contract price. Today is the inspection objection deadline. Of course I can cancel the contract today on the inspection report.

We are going to look at other houses, so if we find one we want to bail on the current deal after inspection deadline?

However, is there some other kind of other deadline or stickynesss that I could be in if I attempt to cancel based on the premise that the appraisal didn't come in and they still haven't come down on the price?

So, can I just submit an earnest money release even after resolution deadline, still stating that the house didn't appraise, up until the day of closing if necessary to sweat them out?


Thanks so much for anyone's help!!
 


seniorjudge

Senior Member
What does your written contract say about your questions?

What does your real estate agent say about your questions?
 

pojo2

Senior Member
And we can not see your contract nor contingencies therein so have no idea what you could or could not do.
 

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