If you put earnest money down on a house you want to purchase and then decide not to, do you get your earnest money back? The DiMora Team are real estate experts in the Novi and Northville neighborhoods and the best advice we can give is for you to read your purchase contract. There should be some verbiage about contingency removal within it. If there is, and you have not removed all contingencies, you should be able to get your deposit back. If you have removed all contingencies, or contingency removal was automatic, you may have a difficult time getting your money back. It all goes back to the terms set forth in the purchase contract. If you have a way out, it is somewhere in that contract. Check out below to see what sold in Turtle Creek in September 2015:
21776 Meridian Lane, Novi: 4 bedrooms, 2.1 bathrooms, 2,112 sq. feet, 2 car garage, Sold Price: $303,000
Turtle Creek Home Sold
September 2015
Legal advice is never a bad idea when dealing with contracts, however, you maybe able to work it out without a Lawyer. For more information on Turtle Creek, or similar Northville or Novi neighborhoods such as Dunbarton Pines, Maple Hill and Roma Ridge, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.