What happens if you put a deposit down on new construction and for some reason you change your mind. How do you get your earnest money back? The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that without knowing the specifics of your contingency protections, another agent wouldn’t be able to tell you whether or not you can get your earnest money back. There should be timelines in your contract that explain how much time you have to inspect the home, neighborhood, and other material issues in the transaction. Look for any contingencies which have not had their timelines run out yet, and some may give you relief in the way of an earnest money refund. Check out below to see what sold in Simmons Orchard in August 2015:
24489 Riverview, Novi: 3 bedrooms, 1.1 bathrooms, 1,625 sq. feet, 2 car garage, Sold Price: $240,000
24561 Sarah Flynn, Novi: 4 bedrooms, 2.1 bathrooms, 2,216 sq. feet, 2 car garage, Sold Price: $300,000
Also, if the builder’s agent is not helping you get your earnest money back, an attorney is probably your best bet. There is always the chance that the earnest money is not refundable at this point. For more information on Simmons Orchard, or similar Northville or Novi neighborhoods such as Jamestowne Green, Abbey Knoll and Lakes of Northville, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.