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Can I check out if I don't want a house after paying the down payment?
To put it simply, although the reasons for paying the down payment but not wanting a house are very complicated, it is usually nothing more than that the mortgage loan has not passed the examination and approval, and the rest of the house payment cannot be borne by our own efforts. In fact, this situation can be solved smoothly by rerouting or other fundraising methods, and it is not necessary to check out. After all, check-out procedures and processes are not only cumbersome, but also cause valuable economic losses.
Another form is dissatisfaction with the location or other aspects of the property. In fact, the desire to return a house caused by reasons other than these economic factors is relatively easy to solve. It is nothing more than taking responsibility for breach of contract and paying liquidated damages. In addition, there will be no additional adverse effects, but most people do not want to suffer economic losses. In the final analysis, we should try to avoid checking out.
Generally speaking, the legal protection for the purchase contract that has been signed and paid the down payment is two-sided, no matter the buyer or the developer is no exception. Since you want to return a house, you have to bear corresponding legal responsibilities, except for signing a contract with specific terms. Of course, it is almost impossible for developers to provide such additional terms in real life.
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