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Can Buyers or Sellers Cancel the Purchase Agreement Once in Escrow?


One of the most common questions I’m asked by buyers and sellers alike is: Can I cancel my contract? Today, I’ll be sharing the answer.

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One of the most common questions I’m asked by buyers and sellers alike is: Can I cancel my contract?
For buyers, the answer is absolutely yes. Contracts completely favor the buyer. Once your offer is accepted by the seller, you have 17 to 21 days (depending on what is negotiated) to do your due diligence.

Due diligence is the period where you must get your loan fully approved, your home inspections, appraisal, and more. At any point during the due diligence period, you can cancel for any reason. The only money you will lose is the cost of your inspections. Your earnest money deposit will be returned to you.

So, what about sellers? Well in the case of those who are listing their property for sale it is a
different story. If you think there is any chance you might change your mind about selling your home don’t put it on the market for sale. However, canceling on the buyers can be done if they are not following the agreed upon terms and conditions of the contract and you have given them a written Notice to Perform.

If the buyer follows all of the terms and conditions of the contract, you cannot cancel once you are in escrow.

If you have any other questions or would like more information, feel free to give me a call/txt/email. I look forward to hearing from you soon.

**A broker is licensed to render real estate advice. If you desire tax, legal or lending advice, consult the appropriate professional. Videos and marketing by Broker are intended to help educate the public. Laws and real estate practices may change at anytime.  All information deemed reliable but is not guaranteed and determined on a case-by-case basis. If your property is listed, please disregard as it is not our intention to solicit. We cooperate fully with other brokers. Equal Housing Opportunity and member of the National Association of Realtors.

Thinking About Selling Your Investment Property? This Is Absolutely the Best Way to Do It!


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Want to buy a home? Search all homes for sale

So how do you get 60 buyers and investors to one showing in a two-hour period and generate 18 offers, most of which are over asking price?  

It’s simple-- price the subject property just under market value and have one showing time (especially with income – multi-unit property with multiple tenants, multiple families and schedules which makes it hard to schedule showings in general).  


This gets everyone to the property at once creating huge interest which will ultimately create better than average offers.


Costco does this with by creating a limited supply of seasonal items which they tend sell out immediately! 


Keys to the successful showing/open house:


1. Dress professionally

2. Know as much information about the property as possible
3. Know your competitors/inventory available in the neighborhood
4. Bring a lender to answer any lending questions a buyer may ask
5. Be nice

If you have any additional questions, please be sure to contact me right away!!

By the way this particular property generated 18 offers and sold for 60k above asking price!!

**A broker is licensed to render real estate advice. If you desire tax, legal or lending advice, consult the appropriate professional. Videos and marketing by Broker are intended to help educate the public. Laws and real estate practices may change at anytime.  All information deemed reliable but is not guaranteed and determined on a case-by-case basis. If your property is listed, please disregard as it is not our intention to solicit. We cooperate fully with other brokers. Equal Housing Opportunity and member of the National Association of Realtors.

Which Real Estate Site Should You Use?


Want to sell your home? Get a home value report 
Want to buy a home? Search all homes for sale

If you are in interested in buying or selling, which website should you use for your research, HouseCallRealty, Realtor.com, Zillow, Redfin, Trulia etc…?  

You probably have many questions.  Which one lists the most homes for sale?  Which are the most accurate?  How up to date are they?  When you click on a house and an agent is shown to contact - are they the actual listing agent?  Who do they really cater to?  Will you get spammed?  And the most important question, WHICH ONE SHOULD YOU USE?

When I’m speaking with my clients, especially buyers, they always, and I mean 100% of the time, search for homes on multiple sites?  Why?  Because they think there are different homes for sale on different sites.  It is simply not true.  Every website out there, including my site HouseCallRealty, use the same data from the “Multiple Listing Service” or the MLS, which is what Realtors use.  So what does this mean?  It means all of the sites have the exact same information.  So to save time, pick one that you like and stick with it.  

Zillow, Redfin, and the other sites make money selling advertising to Realtors and Lenders to appear as the listing agent and lender for the home.  They cater to real estate agents and lenders who pay for placement - advertising.   I personally get solicited at least once a week from these sites to pay for placement (advertising) in a certain city or zip code.  For example, if I bought a portion of 91915 and 91941 on Zillow, I would appear as the listing agents for 100’s of homes…because I paid for it.  

If you use one of these websites and click on multiple different homes, your information will be sent to the various Realtors and lenders who paid to have their names listed in that area and you will begin receiving calls/emails/texts from them soliciting your business.  These sites are not interested in helping you, they are in business to sell advertising – period.

So where should you safely search for homes – HouseCallRealty.com!!
  1. It’s lists every home for sale in San Diego County and is updated every day.
  2. Your information will not be sold.  
  3. You won’t get calls/emails/texts from tons of agents across the county.
  4. You can set up custom searches.
  5. You can see how much your home is worth on a monthly basis.
  6. You can see what is selling in your neighborhood and for how much.
  7. I’m available 7 days a week to answer any real estate related questions you may have.
  8. It is super easy to use.
**A broker is licensed to render real estate advice. If you desire tax, legal or lending advice, consult the appropriate professional. Videos and marketing by Broker are intended to help educate the public. Laws and real estate practices may change at anytime.  All information deemed reliable but is not guaranteed and determined on a case-by-case basis. If your property is listed, please disregard as it is not our intention to solicit. We cooperate fully with other brokers. Equal Housing Opportunity and member of the National Association of Realtors.