Backing out of a deal

[Moaaz Malik]

Hi All,

I’m feeling hesitant about a deal that I’m under contract for. It’s been a little murky from the start and it’s been extremely difficult to work with the seller. Is it too late to back out. As some background I got a 5 day inspection period and I lost 2 days because the seller was difficult to work with. Day 3 on Saturday I got the inspection done.  

Monday 9/13 was the last day of the inspection period so yesterday 9/14 is when I was supposed to pay the earnest deposit. My agent and I have been contacting the title company since yesterday to pay the earnest deposit and have gotten any response. I haven’t paid the deposit of $2K yet Is it too late to back out? Am I just having fear of doing my first deal or is this actual cause for concern?  

There are also a couple of things in the inspection report that I’m rethinking and wondering if they might cause problems later down the line. 

This is also a  cash offer that I’m doing so I don’t have a bank involved on my side  

Would love anyone’s insight and help.