Thinking about making an offer on a house? WATCH THIS FIRST!

You find the perfect home. Your offer gets accepted. Everyone's celebrating. But then something happens. The home inspection reveals a major problem. The appraisal comes in low. Your financing hits a roadblock. Or maybe you're simply having second thoughts. Can you actually back out of the purchase? And what happens to your earnest money if you do?** In Episode 10 of Hidden Rules of Real Estate, I'm breaking down what buyers need to understand BEFORE entering into a purchase agreement. Here's what we'll cover: ✅ When an accepted offer becomes a binding contract ✅ How contingencies may protect you ✅ What happens when inspections reveal problems ✅ Your options when an appraisal comes in low ✅ What happens if your mortgage financing falls through ✅ When your earnest money could be at risk ✅ Why changing your mind isn't necessarily a valid reason to terminate Here's the hidden rule: Having a reason to walk away isn't the same as having the contractual right to walk away. Here in Hampton Roads, Virginia, we commonly use the REIN Purchase Agreement, and understanding the terms, contingencies, and deadlines of your specific contract is essential. My goal isn't simply to help you get an offer accepted. It's to help you understand the commitment you're making and the risks you're taking along the way. Because an informed buyer is a better-prepared buyer. 📍 Buying or selling in Virginia Beach, Chesapeake, Norfolk, Suffolk, or the surrounding Hampton Roads area? Let's talk about your goals and build a strategy around them. 🌐 Connect with me: https://queensberryadvisors.com 🎥 Subscribe for more episodes of Hidden Rules of Real Estate, where we unpack the things buyers and sellers deserve to understand. 💬 QUESTION: If you were buying a home, what would make you reconsider the purchasea bad inspection, a low appraisal, or finding another house you liked better? Drop your answer in the comments! Joshua Smith Associate Broker & Lead Advisor Queensberry Advisors Powered by Keller Williams Town Center Educational content only. Contract rights and remedies depend on the specific agreement and circumstances. Consult a qualified Virginia real estate attorney for legal advice. #HomeBuyingTips #EarnestMoney #RealEstateContracts #HamptonRoadsRealEstate #HiddenRulesOfRealEstate