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Updated about 2 months ago on . Most recent reply

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Trying to back out of deal with earnest money

Charlotte Wilson
Posted

We put in an offer a few weeks ago for a property in Kenosha, Wisconsin that has turned out to need a lot of work and the sellers aren’t in agreement to fix majority of it. Long story short, the electrical is a big issue. we sent an addendum and they responded with fixing some of electrical but not in a way that made sense, so we denied it. The NEXT day, they had an electrician work on the house performing those tasks that we didn’t agree to. Would this be a way to back out of our contract to get our earnest money back? My real estate agent is saying no but when I look online, it states otherwise and I have no further knowledge to back it up. Any advice is appreciated.

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Ken M.#3 Market Trends & Data Contributor
  • Investor
  • San Antonio, Dallas
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Ken M.#3 Market Trends & Data Contributor
  • Investor
  • San Antonio, Dallas
Replied
Quote from @Charlotte Wilson:

We put in an offer a few weeks ago for a property in Kenosha, Wisconsin that has turned out to need a lot of work and the sellers aren’t in agreement to fix majority of it. Long story short, the electrical is a big issue. we sent an addendum and they responded with fixing some of electrical but not in a way that made sense, so we denied it. The NEXT day, they had an electrician work on the house performing those tasks that we didn’t agree to. Would this be a way to back out of our contract to get our earnest money back? My real estate agent is saying no but when I look online, it states otherwise and I have no further knowledge to back it up. Any advice is appreciated.

Was the work agreed to by both parties in writing?

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