Category Archives: deposit

Ask Peggy: My real estate deal didn’t close – what happens to the buyer’s deposit?

So your real estate deal went firm (unconditional) and on closing day, the buyer didn’t advance funds and the deal didn’t go forward. What happens to the deposit? The deposit, under the strict terms of the Agreement of Purchase and … Continue reading

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What Happens to my Deposit if I get Cold Feet?

Interesting question! The typical conditions in a house deal are home inspection and financing. These clauses usually state the buyer has the sole and absolute discretion to decide whether the home inspection report, or the financing, are satisfactory to them. … Continue reading

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