Would like to terminate a signed home purchase agreement;
Loan approval is pending but would like to back out now

Anyone here has any suggestions on how to go about it without loosing the initial deposit

like
Posting as :
works at
You are currently posting as works at

It all depends on the seller. If you back out, it has implications on the value of the home. In many case though they return it to avoid any legal drama that comes along with it.

That might be tough though to back out. U can negotiate with the seller n his agent but they usually don’t entertain. He has to do all the Sale process including Staging all over again.

This is a new construction
House is not ready yet

Given the market, they may actually be open to canceling as long as you didn’t go bonkers on customization and pick some odd colors during design. They can easily find someone

Oh. Then might be easier, good luck.

My old neighbor was able to do it by just calling his realtor. He hadn’t put down any money yet at that point. This was in Bay Area if it helps

You will probably lose the earnest money but ask your realtor to see if you can get that back.

Yes checking with attorney and realtor both

Why do you want to? Market is good?

You will lose your deposit

Related Posts

Can we show rent paying to parents if we are living with them.. Do company mandates that parents should be living in different city to qualify for such HRA exemption.

likehelpful

Looking for a Delta rewards card and was going to go with Amex, but internationally Amex isn’t widely accepted and I already have the Gold. I’d like to replace my JetBlue Mastercard with a no foreign transaction fee Delta card (don’t mind a fee for the card). Is there a good Delta non-Amex option? Also, don’t have a card that’s big on travel rewards generally.

What helps you determine if you should or should not have an HSA setup?

like

For those that invested in real estate rentals, how did you systematically approach finding a good property? Realized most of my stock investments was just gambling and I don’t want to gamble on a RE investment. Read a few books but none of them go into how to actually find a good deal/city.

like

What is your favorite place to track realtime BTC and ETH values?

I just changed my job new salary is 1.5pm

Hra per month is approx 31500 and my current rent is 8000.

Need suggestions whether I should pay the tax by keeping rent 8k will I save more after tax I should move to a different flat increasing my rent.

funnylikesmart

Just a question to people having package around 50 lacs. Are you guys paying 15 lacs of tax?. I am asking this because then the actual package will come to 35 lacs only. So it there any loophole like companies change structure or component of pay and that help employee save more tax. Because paying 15 lacs tax is huge... I might cry 😂... I know only 3-5% of people might come in that category still I am seeking reply on the same 😀

like

I want to track my portfolio in USD. E.g if I bought an alt using BTC on 1 Dec and sold on 10 Dec, I want to see the value change in USD. Is there an app that does that? Blockfolio only shows in BTC..

If you have an active personal auto policy with Progressive at the end of April and May, you’ll receive a credit for 20% of your April and May premium. They may offer more credits in the future.

like

Want to start investing and growing some of our savings but I have NO idea where to start. Buy real estate? Invest in the stock market? I’m clueless. Can anyone recommend some books or resources as a good starting point?

like

potential opportunity to buy an investment property worth $175k - gross rental income is $30k so ~17% ROI. property is not in a great area so probably little price appreciation - thoughts?

Howcome when I try to buy SHIB on coinbase pro it says out of my region? How can I fix this?

like

What’s everyone’s $$$ for “I’d retire if I had “x” in the bank.

like

Columbia Early Decision admits - if you get admitted early (let’s say you apply R1 and get an offer by September/October) are you actually supposed to withdraw all other applications?

I’ve heard from people that you’re supposed to pay the 6K deposit and you could technically decide not to go in December. This would mean you simply forgo the deposit. Is that the case?

like

What’s everyone’s take on the current status of bitcoin and dogecoin? Hold or sell?

like

Hi Sharks,

Can someone exactly tell me what is the in hand for below breakup with and without tax claim ?

Post Photo
like

Could anyone explain the bonus tax withholding like I’m a 3rd grader? Got my bonus today & everyone always says I get some back at tax time, but no idea how that actually works. Does anyone know?

like

What do you buy to “treat yo self” with a big bonus or payday after a case concludes? Let’s keep it to “goods/services” instead of paying down loans, etc. just for fun.

like

The stock market always goes up, they say. It’s been white hot since 2009. Is 2022 the year the naysayers were talking about? Do we see a significant dip in the market for the year?

I am down 17% on FBGRX. And, I don’t even buy individual stocks anymore!

like

Do we have option to include stock in salary structure in FIS to save income tax?

like

More Posts

Does anyone have cleaner recommendations?

Hello, has anyone tried the Under Armour box subscription? What are your thought on it? I’m thinking of signing up

When the burn out is real (litigation edition)

Post Photo
likefunny

"And they all sit around talking!"

likefunny

Check your band for year 2020-21

funnylike

Best TV shows streaming right now?

like

I'm a 5th year international tax associate at a biglaw firm who just started the interview process with PwC. How does the compensation and seniority structure work? Is there a good resource for this info? (Cont.)

Off topic : I have got a Scooty from my uncle which is registered under his name from Mumbai to Pune and there was no money transaction involved . I will be using this vehicle for my commutes , is there anything I need to do like transfer of ownership etc . Number is MH 02 (Mumbai Western) registered . Also , it’s applicable to all Maharashtra right ?

like

Has anyone been to Chamonix for skiing?

Wondering where the best area to stay in is and how easy it is to get around?

like

Anyone who’s moved from consulting to VC, what are some of the ways you’ve made your application stand out? How much of securing the role was down to networking?

like

Hi folks, I have an offer from Persistent for Java developer and they're offering me 7.5 LPA for Senior Software Engineer role.. Is this the right scale in Persistent ?
My experience is 3 years

like

Hello everyone!
What would you choose between P&G, pwC and a small consulting firm for a data science internship. The three positions are based in Paris and in data science, I have to take a decision this week and I'm completely lost :/
I don't have any clear idea about what I would like to do after (sometimes I think about a phd but others I prefer consulting...)
Thank you so much for your help

Open to Moonlight as an NLP researcher / developer. Currently working as a Data Scientist at Walmart (4+ YoE), 2 published papers in NLP + 1 in CV (Neurips). Will work for free if work is with an academic or concerns an altruistic cause like cancer, environmental, etc. Previous work experience in academics (graduated with research award)

like

Hi guys have joined Deloitte recently. Wanted to know of car lease policy that is there for the employees or if any mails were circulated regarding the same.

like

Started a new job in December and a recruiter from another agency just reach out. Want to keep channels open for the future but think it would look bad to move jobs such a short time. Should I take the call or just tell them to reach out later?

like

Hi all,

I am working as a DevOps Engineer for past 3 years and I am interested in moving to cloud. I have cleared my Aws saa exam and planning to search for a cloud related job. How should I approach the job market now... What kind of things interviewers will be expecting from me if I want to switch to cloud. Please enlighten me.

like

Cleared my technical and managerial round with TCS. Can anyone say how much time it will take to get a call from HR?

like
like

Just submitted my take home case study (built a model and made a few pages) for a GE role. What should I expect going forward?

like

Hi fishes,

What should be the average pay for a Project Manager with 2 years EXP in an implementation role?

Trying to assess my market value. Total work EXP is 4 years ( 2 years years hospitality + 2 years of IT ERP PM exp)

Not from a tech background, I hold a Masters in International Business and an undergrad hospitality degree.

Sound in JIRA, SQL, Excel and done Six Sigma, Agile and Design Thinking certifications

Current CTC is 17LPA total CTC
Offer in hand with a 25 fixed and 1Variable

like

Additional Posts in Desi Consultants

Anyone try this called Meenakshi Paan? It had this thing called Kimam.. Paan was super strong.. got soooooooo Buzzed! 🤪🤪🤪

like

Tips for moving up the corporate ladder? In terms of networking ( sales & BD), without mimicking American culture and accent 😄.

like

Should i buy apartment in us now
Makes 140 as base no bonus
i140 got approved

like

Any ideas when visa holders like us can sign up or will get covid vaccine?

funny

So random question.. I’m not Desi. I have heard dozens of nightmare stories about mothers in law and fathers being CRAZY.. like expecting the daughter in law to cook and clean after working and (cont

Is Bayonne DMV open tomorrow? On google it is coming up as temporarily closed. Was thinking of going there at 7 am tomorrow

like

Western world is hard for to navigate for brown people. All you fishes in pardes, here’s a support 🤗!

like

What’s the typical processing time for renewing passport at Houston consulate? Site says 4-5 weeks... I need to visit brother in Canada for his engagement! Messed up on timing !

I have an interesting situation with LinkedIn. I started a company and realized there was a different company by the same name several years ago and has a LinkedIn page. In order to avoid confusion ..

I just discovered Raja, Rasoi Aur Anya Kahaniyaan. It brings me so much joy, I wish there were more seasons.

likeuplifting

Hi all! Looking for a kitchen equipment that I can use both as a blender for smoothies and making dosa/idli batter, and also for making chutneys. Any recommendations on a single one I can use, instead of buying 2 separate appliances?

like

Happy Friday :)

Post Photo
funnylikesmart

How is everyone’s dating life going ?

funny