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You can rescind an Offer.
An Offer is not a contract. Once it is a contract, it gets a bit stickier depending on location and the contract wording.
Thanks so much.
I'm just very nervous about making offers. The agents are so pushy. Just wondering if I get pushed, and then realize it it was a mistake, if I can undo it.
You should have no problems rescinding your offer in the scenario you've laid out.
In the DC area where I am located buyers are allowed to rescind their offers before the home inspection contingency since the home inspection usually occurs within the first 7 days, if one is part of the contract. If you do not have any contingencies in the contract and the seller has not reviewed the offer than you should be able to rescind the offer if you've had a change of heart.
You should have no problems rescinding your offer in the scenario you've laid out.
In the DC area where I am located buyers are allowed to rescind their offers before the home inspection contingency since the home inspection usually occurs within the first 7 days, if one is part of the contract. If you do not have any contingencies in the contract and the seller has not reviewed the offer than you should be able to rescind the offer if you've had a change of heart.
I would be looking for an agent to represent you who is NOT pushy, who you would trust to ask this question of. It's important that you feel represented, not pushed.
Clients tell ME when they want to make an offer. I don't tell them.
I'm just very nervous about making offers. The agents are so pushy. Just wondering if I get pushed, and then realize it it was a mistake, if I can undo it.
Thanks.
Yes, you can rescind an offer before it is accepted...but if you're that nervous about it you shouldn't submit an offer in the first place. With present day communications, an offer could be accepted very quickly. You shouldn't be submitting offers relying on some way to back out. It's not fair to Sellers and you could find yourself in a bad situation.
If you're going to rescind an offer, you should do it ASAP. Otherwise, if it's accepted, you'll need to use the home inspection as a reason to get out of the deal, and that can add up after a while.
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