3 questions buyer should ask before canceling purchase

REThink Real Estate

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

Q: I was under contract to buy a home. It took forever for the mortgage company to get its act together, but we finally got to a closing date. During the final walk-though I noticed that most of the items the seller was supposed to repair were not fixed.

The listing broker said the repairs had been made, but did not have any paperwork proving it, so I decided to cancel the contract. Now, the seller is trying to get money from me for waiting until the last minute to cancel the deal. Can she really do that? I’ve now had to hire a lawyer. This whole mess is costing me money I don’t have! –Hazel