Agent

3 questions buyer should ask before canceling purchase

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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 Well, first things first: Some of the definitive answers to your questions will vary slightly depending on the law and standard real estate practices that govern in your state and the specific terms of your contract. Secondly, I'm glad to hear that you have hired an attorney, because I would say you need to. I'm not big on Monday morning quarterbacking (whew, got my sports analogy o...