Earnest money refund

[John Reid]

I put $5000 earnest money on a property and now I have discovered that there are issues with the property that will cost me too much money to fix. It is an all cash offer, is there a way to get my earnest money returned.

[Aaron W.]

@John Reid  You'll want to check your contract to see if you have any type of contingency period to allow you to back out of the deal with your earnest money returned. Most contracts will include an inspection period or some other contingency where it allows you to back out.