It seems to be a regional thing whether sellers keep the earnest money when a deal falls through. My sister used to work in real estate, and they would normally refund earnest money unless the buyer behaved very badly. It is, of course, up to the seller whether to retain earnest money or even sue for breach of contract, so it's best to be nice if you want to back out of a deal.
My sister-in-law and her husband had signed a contract to construct a new home, then found an existing home they liked better. They had to hire a lawyer to back out of the deal, and it cost them several thousand dollars by the time it was done.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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