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What if I changed my mind about purchasing the apartment after signing the contract? Can I get my downpayment back?

April 26, 2017apartment changed contract downpayment mind purchasing signing

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What if I changed my mind about purchasing the apartment after signing the contract? Can I get my downpayment back?

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Generally no, but most contracts contain provisions that allow the purchaser to cancel the contract and recover the downpayment if certain events occur. The provisions called “contingencies”.