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im chris devin right now im joined by real estate attorney and boston power player yitz mckenzie now its whether youre buying or selling real estate youre executing the contract called the purchase and sales right correct agreement so if you execute the contract and you have a change of heart to change your mind what are the consequences to that thats an excellent ques question chris and the answer is it depends on whether youre the buyer or the seller lets first take the buyer the buyer enters into that contract to buy the home and decides at the last minute to change their mind whether they got transferred to san francisco no longer interested in the home whether they realize they overstretch themselves and cant afford it or they hit the lottery and decide to move to the south of france what are the consequences if they want out its simple the typical purchase and sale agreement states that they will lose their deposit clients will often ask me well will i be forced to buy