Buyers are cancelling escrows lately, but is it a good idea? On this week’s episode we discuss the good reasons to cancel a real estate contract and the impact it will make. Check out the full episode and if you have questions about how to get started with Homeowner Prep, be sure to reach out to us or drop your question in the comments.

// SHOW NOTES

00:00 How Much You Need To Earn To Buy A Home

00:15 Intro

00:37 Welcome To The Homeowner Prep Podcast

00:48 Before We Dive In…

01:08 The Contingency Period

01:48 What Is An Earnest Money Deposit

02:31 Good Reason No. 1: Inspection Issues

04:00 Good Reason No. 2: Appraisal Gap

05:09 Good Reason No. 3: If You No Longer Qualify

07:02 What Happens When You Cancel Your Contract?

08:11 If You Cancel, Can You Still Buy Another Home?

09:16 Getting Started With Homeowner Prep

09:36 Connect With Us On Social Media

10:06 Outro

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Start Budgeting Today with Rocket Money:

https://bit.ly/HP-Rocket

Subscribe to Our Channel:

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// ABOUT HOMEOWNER PREP

Homeowner Prep helps aspiring first time homeowners through real-world advice and accountability. This podcast was created for those who dream of owning their first home - and are willing to do whatever it takes to make their dream a reality!

DISCLAIMER: The content we distribute is for educational purposes only. Seek professional financial, tax, and legal advice for your particular situation. Also, links included in this description might be affiliate links. If you purchase a product or service with the links that we provide, we may receive a small commission. There is no additional charge to you! Thank you for supporting our channel so we can continue to provide you with great content!

// LICENSE INFO

DRE: 01780767

NMLS: 2218002

#buyingahome #homebuyingadvice #homeownership