Can I back out of an offer if I find problems with the home?

Yes, it is possible! As long as the listing agent receives the notice of cancellation during the “due diligence period,” buyers may cancel an offer and get their earnest deposit reimbursed.

And yes, we do get it. You may fall in love with a location the first time you see it. However, even the most attractive residences may conceal a flaw that isn’t immediately apparent. Therefore, you should get it examined by an expert before making an offer. If you can, schedule the inspection within ten days after accepting the contract so that you and your agent have time to go over the results.