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COVID-19 South Carolina Real Estate Law Questions & Answers
1 Answer | Asked in Real Estate Law for South Carolina on
Q: Am I entitled to earnest money?

My home in South Carolina has been under a contingency contract since 6/24-contingency being the buyers get their home under contract by 7/10.They did not get a contract and yesterday asked for an extension and we gave them until 7/22. Today we are told that they want completely out of the contract... Read more »

Anthony M. Avery
Anthony M. Avery answered on Jul 16, 2020

Read your Contract of Sale carefully. It should have terms dealing with the earnest money and/or liquidated damages. I assume the money is deposited with the real estate agent, which is a problem. If it is a $1K or less, you might forget about it. If more, then you may have to sue in a small... Read more »

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