optional period money and day 0

Tips and Deals Forums Buying Your Home optional period money and day 0

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      mary summers
      Participant

      We paid for the optional period $100 to hold the house. As far as I know, the optional period starts from the next day after the seller accepted the offer. The seller accepted our original offer, but we told the agent (and the seller’s agent was CCd) right away (i.e. day 0) that we reconsidered the contract, we want another one with a lower price, and if they don’t want to negotiate, then they can proceed with another offer. Our agent said they even didn’t have our check, and they didn’t want to negotiate. Today is day 1, they put the house into pending, and they keep asking if we want to continue with the original contract (and we already told them no). Can they keep our $100? This wasn’t our initiative to keep the house pending.*

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