3 Ways to Back Out of Buying a Home Without Being a Jerk

When we make large, life altering purchases, like buying a home, it’s natural to get cold feet and want to back out of the process. But how do you do it when you’ve maybe already taken some of the steps towards purchasing? Well, realtor.com put together this lovely video that highlights just what your escape options could be, and they’re all relatively straightforward things.

Source: Realty Biz News

For instance, you should always include an inspection contingency in any offer you make for a new home. This is a given – what if he finds something that could potentially cost you a lot of money down the road? Even if he doesn’t, you can always plead dissatisfaction with his inspection as a way out of a housing deal.

Also, make the sale of your current home a factor in the agreement for buying a new one. This can save you a lot of financial heartache down the road – no one wants two house payments, and the first few months in your new home will be negatively colored by trying to sell your old one if you don’t do this.

Source: Hignell Companies

Finally, read all of the homeowner’s association documents, yourself. Realtors work for you, the home buyer, so if you have questions about what any of this means for you and your potential new home, never hesitate to ask. The most important thing is that you, the buyer, are comfortable and happy with your purchase, and that your new home is suited for the life you want to live!