On 7/15/2017 4:00 PM, Bruce wrote:
> On Sat, 15 Jul 2017 12:21:27 -0400, jmcquown >
> wrote:
>
>> On 7/15/2017 11:54 AM, wrote:
>
>>> How many houses have you bought? Once you have signed an offer to buy
>>> there are only very specific things which allow you to back out
>>> without penalty.
>>
>> Maybe in Canada. In the US, until the actual "closing", anyone can back
>> out.
>
> Without penalty, really? What's the meaning of the sale contract they
> signed then?
>
Reasons to back out without penalty are spelled out in the contract. If
a buyer pulls out with no valid reason the usually lose the deposit.