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by ana1001 on July 17th, 2006

ana1001

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I am in the process of buying a home. Me and my husband like a home but we cannot put an offer in till next week. Can we lose the earnest money if we are not able to buy the home?

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Answers. 5 helpful answers below.

  • by jacob.martin101 on October 8th, 2009

    jacob.martin101

    There’s no question that it’s a, “good time to buy” because prices are at an all time low and renting won’t give you any chance of profit. A first time home-buyer who can get out of a rental and into a home, will almost always profit by purchasing a home in a good area. Real estate investing is widely regarded as a superior way to build present income and long-term wealth. Real estate is definitely a good investment opportunity. If you are able to identify the right property & negotiate well, you may increase your profit potential as there is a good return on investment. There is a tool which markets properties to national buyer pool & calculates the best price for rapid sale. Look into http://www.smartzip.com/s/sz/info/offer for more information.

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  • by David on October 1st, 2009

    David

    You are aheade of yourself. You need to know first of all that you can afford the home. The seller may not be interested in taking the house off the market if you are not sure what you can afford.

    Talk to a lender first. Chances are the house will still be available. If not, you can find another.

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  • by AJ Rox on February 12th, 2008

    AJ Rox

    Depends on what your contract states and if the seller has accepted your offer. If your offer to purchase the home has a contingency that you qualify for new financing or your current home needs to be sold first then you would be able to get your earnest money back.

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  • by Anonymous on February 10th, 2008

    Anonymous

    you can resend on the deal and get all of your cash back i know i did it

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  • by bugmann on July 19th, 2006

    bugmann

    you can it depends The only way you lose this money is if you have MADE an offer and seller accepts and changes house status to pending or sold as this condition prevents the seller from even showing the house to another potential buyer. with the exception that you lose your source of income or the death of your spouse, This is the case in all states SO go 4 that home!!!!!!!!!!

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