It seems to be a regional thing whether sellers keep the earnest money when a deal falls through. My sister used to work in real estate, and they would normally refund earnest money unless the buyer behaved very badly. It is, of course, up to the seller whether to retain earnest money or even sue for breach of contract, so it's best to be nice if you want to back out of a deal.
My sister-in-law and her husband had signed a contract to construct a new home, then found an existing home they liked better. They had to hire a lawyer to back out of the deal, and it cost them several thousand dollars by the time it was done.
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Today's Featured Article - Buying your first tractor: The People You Buy From - by Chris Pratt. If you are a first-time buyer, chances are that you are likely to take the word of the seller on things. This is where the problems start... You have reviewed your implement needs and determined the size of machine that will fit the bill and even made a list of the most desirable models. You checked on the availability of a 3-point hitch for the machines on the list and advertised in your local classified paper with so
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