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!!
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!!