Home / Backing out after inspection / Questions
Will I lose my earnest money if I back out?
Short answer
Usually not if you cancel properly within a contingency. After deadlines pass, you may lose it.
See every step in 1 minuteCan you back out after the home inspection?
People also ask
Do I have to give a reason to cancel under the inspection contingency?›Can the seller keep my earnest money?›Can I back out of buying a house after the inspection?›What is an inspection contingency?›How long is the inspection period?›What can I ask for after a home inspection?›What if the seller refuses to make repairs?›
Official sources
- CFPB: buying a houseconsumerfinance.gov
- HUD: buying a homehud.gov