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Post being replied to

Apparently not - replying to myself by mintirish

Dear Real Estate Adviser,
Where on the purchase agreement does it tell buyers how long they have, once signed, to change their mind on purchasing a single-family house?
— Karen P.

Dear Karen P.,
Unless you live in Jersey, nowhere. That’s assuming you didn’t add your own “cooling-off” period to your contract, which from the looks of it you didn’t.

Buyers and sellers often errantly believe that such a 3-day period, called the right of rescission, applies to single-family homebuying contracts, car purchases and some other capital purchases. It doesn’t. Except for New Jersey, the federal 3-day cancellation period applies only to mortgage refinancing, home equity loans or similar lines of credit secured using the home as collateral.


I would still have my attorney and RE agent raise hell to try to get someone to cough up some money