Buyer made and offer but no longer sees value

Buyer made and offer but no longer sees value

Member since 2021 · 4 posts · 1 vote

I made an offer on a property but after the seller accepted the offer in 24hrs with a signed contract from the offer. I realized that this is probably not the best for investment. I have not paid earnest money yet on the property. Am I obligated to purchase go forward with this deal? From my research online, seems absurd that if I made multiple offers I would need to be obligated to do all of them. This location is in NJ.

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  • Rental Property Investor · Tucson, AZ · Member since 2019 · 173 posts · 87 votes
    5y

    @Tiago N Dos Santos

    Inspection period

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