Earnest Money Refund Guide

Summary

The return of earnest money in a home purchase contract in Washington depends on the contracts terms. If a financial contingency is included and financing is not secured despite reasonable efforts, you may be entitled to a refund. However, if you havent applied for financing, the situation becomes more complex. Consulting a local real estate attorney is advisable for specific guidance.

Full Conversation

backing from a home purchase
I understand you're in a tough situation. The return of your earnest money is typically dependent on the terms of your contract. Can you tell me if your contract has any contingities or clauses that allow you to back out of the purchase?
it only has financial contingency
I see, your contract includes a financial contingency. In Washington, if you can't secure financing and have taken all reasonable steps to do so, you should be able to get your earnest money back due to the financial contingency clause.
But in this case, I have not applied for financing. As I want to go back on the purchase
I understand. However, in Washington, your ability to get your earnest money back may depend on the specific terms of your contract. It's important to consult with a local real estate attorney for specific advice.