Seems More Definite

I say "seems" more definite because there is a loophole. You can (and should) write an escape clause into your purchase offer called "liquidated damages."With a liquidated damages clause, the sellers could not sue you to go through with your purchase (specific performance) if you chose to back out. Nor could they sue you for money damages that they may have suffered due to your failure to buy. Instead, the liquidated damage clause simply permits your sellers to pocket your earnest money deposit.

In effect, your earnest money really acts like an option payment. No matter what the purchase contract appears to say, in reality you have not firmly committed to buy.

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