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Buyer's Remorse & The Potential Consequences When Purchasing Beavercreek Real Estate
Buyer's remorse happens to a lot of people. The fear of signing a long term commitment for a mortgage at the closing of a Beavercreek real estate deal--be it for a family home or investment property can be daunting. It's important to not let your fear get the best of you for many reasons. Not only can you miss out on the property you've looked so long for, you can lose a lot more than that.Walking away from a deal before closing can mean losing any earnest money you have put down when you made an offer on the property. Unless you made a no earnest money offer; which is highly unusual, you will lose it by deciding not to go through with the closing.
There are a few contingencies that may allow you to get all or some of your earnest money back when you walk away, but only if you have listed those possibilities in your offer such as:
     ·    Financing. If you don't list that possibility as a contingency for buying a home, even if you can't get financed, you will lose your    earnest money deposit.
     ·    Selling an existing piece of Beavercreek real estate.  Again, ... more

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