Blog > What Happens If a Buyer Backs Out at the Last Minute?
If a buyer withdraws without a valid contractual reason, they risk losing their earnest money deposit. The seller may also pursue damages if significant costs were incurred. However, if the cancellation falls under a contingency — such as inspection or financing — the buyer can typically exit without penalty. Clear contracts protect both parties, and experienced agents help navigate these situations fairly.
GET MORE INFORMATION
