Thinking of Backing Out of Your Real Estate Contract? 🤔

"David, I signed a contract but now I'm having second thoughts. Am I stuck?"

This call comes up weekly in my 30 years serving the Phoenix metro area. You're not necessarily stuck – but knowing your rights is crucial.

Your Legal Exit Routes:

Inspection Contingency - Find issues during the 10-day period? You can walk away.

Appraisal Contingency - Home doesn't appraise? You can renegotiate or cancel.

Financing Contingency - Can't get your loan? You're protected.

HOA Review - Don't like the rules/fees? Another way out.

Key Tips from 30 Years:

• Document everything - save emails, calls, paperwork
• Act quickly - Arizona has strict deadlines
• Don't go alone - I've seen people lose thousands trying to navigate this themselves

When You Can't Back Out:

• All contingencies waived
• Deadlines passed
• Simple buyer's remorse

Even then, I sometimes negotiate solutions. Recently helped a Paradise Valley buyer pay a small fee instead of losing full earnest money.

Bottom Line

You have rights, but timing matters. Every case is different – that's where 30 years of local experience helps.

Don't wait – call me now. Every day could cost you money or limit options.

David Thomas, Realtor | 30 Years Greater Phoenix Expertise