Legal Question in Real Estate Law in South Carolina

Refund of earnest money

Do you have a time frame to withdraw an offer on a house and get a refund of your earnest money.


Asked on 10/14/08, 1:01 pm

1 Answer from Attorneys
Robert Johnston Law Offices of Robert J. Johnston

Re: Refund of earnest money

A basic rule of contract law is that an offer can be withdrawn anytime before it is accepted. Once it is accepted, then a contract has been formed. A contract for the purchase/sale of real estate has to be in writing in order to be enforceable. Hope that helps.

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Answered on 10/14/08, 3:33 pm


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