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Replace Text Escrow Agreement Template

Replace Text Escrow Agreement Template

Aug 6th, 2022

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How to Replace Text Escrow Agreement Template

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If you've had your offer accepted and opened escrow but now want to cancel, don't worry; this happens often. The residential purchase agreement protects buyers, allowing them to back out for almost any reason during the inspection due diligence period. If inspections reveal issues you're unwilling to negotiate on or if you've simply changed your mind—work-related changes or personal reasons—you're entitled to cancel without losing your deposit. Many buyers fear that the seller will keep their deposit; however, as long as you act within your designated inspection time frame (e.g., 15 days), you can withdraw from the escrow process and retain your deposit.

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