Q: Signed contract for new house yesterday with $10,000 Ernest money. I’m 80 years old. Need to cancel.
How can I cancel and get my money back back.
A: One needs to thoroughly examine the contract to see if it contains and contingencies that you cannot satisfy.
Peter J. Weinman agrees with this answer
A: In most real estate contracts there is an inspection period that typically allows the buyer to cancel and get a return of his earnest money prior to the expiration of that time frame. Consult with your real estate agent as well as a real estate attorney immediately to ascertain your contractual rights.
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