If you feel less than certain that you will be able to go through with the purchase for any reason, you can – and should – go one step further. Insist on adding an ‘escape clause’ to your offer. This allows you to back out of an agreement without incurring any penalty or disadvantage. This clause should be already in the ‘Offer and Acceptance’ form supplied by your attorney or buyer’s broker. If it isn’t, ask him how to add it.
Looking for real estate in the Gulf Shores/Orange Beach area? Try our advanced real estate search.