- Oct 12, 2004
So I have been transferred to a different state. Housing market is nuts in this state. We saw a home online and liked it; Realtor did a video chat with us as he went through the home. Its a nice home, nothing wrong with it. I asked him about the neighboorhood and he said its a good neigborhood , the crime rate is middle ground. We put a bid on it and won the house and then put $2K down as earnest money. I flew to the state to start work tomorrow and decided to drive by our new home. House looks like advertised but the neighboorhood is awful. Not anywhere close to what I would call acceptable. So here is my question. Am I screwed and have to purchase this home in a bad neighborhood or can I back out and let them keep the 2K? The realtor had 5 star reviews but I feel lied too. Whats my options?