Crescent City Living

New Orleans Real Estate Brokerage

  • Home
  • Home Search
  • Communities
  • Services
    • Home Value Request
    • Buying
    • Selling
    • Renting
    • Landlords
    • Louisiana Real Estate Contract
  • The Blog
  • About Us
    • Client Reviews
    • Our Beliefs
    • Agent Pros
    • Crescent City Living Policies
    • Careers at Crescent City Living
  • Account | Login

New Orleans Real Estate FAQ: Can I Cancel My Real Estate Contract?

New Orleans Real Estate FAQ: Can I Cancel My Real Estate Contract?

September 23, 2014 By Crescent City Living

Sometimes, stuff happens….things change that might not make buying a home you’ve written an offer on in your best interests. When this happens, we get the questions how can I cancel my real estate contract?

Remember, you signed a legally binding contract, so we need to review the purchase agreement for the reasons you can cancel the contract.

Download the Louisiana Purchase Agreement

Inspections

During your inspection period, you can cancel the contract for any reason, not just for property condition. This period is also your opportunity to find out if there are any issues with the house that would make you change your mind about buying.

Appraisal

If the appraisal comes in below the purchase price and the seller won’t agree to lower the price? You can cancel the contract.

Loan approval

If despite your best efforts, you cannot get approval for a mortgage, you can cancel the contract.

In all of these events, you also have a right to the return of your deposit.

What the contract doesn’t cover

If you are past your inspection period, the house has appraised, your loan is approved and you just flat out change your mind? You could be liable for broker fees and seller damages in addition to losing your deposit. Before you write an offer, be very sure that you are prepared to follow through with your purchase!

LA purchase agreement

Looking for the right place to call home? We’ve got them all, right here. Thousands of homes for sale, experienced agents, and someone waiting to help you today. Call us at 504-327-5303.

Filed Under: Buyers Tagged With: appraisal, financing, home inspections

Related Posts

Sellers Need to Disappear During Home Inspections
How to Pass Your Home Inspection
Special Mortgage Financing Available for Residents and Doctors in New Orleans

Listings, Market Reports & Open Houses by Area

  • Algiers (West Bank)
  • Algiers Point (West Bank)
  • Audubon
  • Avondale (West Bank)
  • Bayou St John
  • Belle Chasse (West Bank)
  • Black Pearl
  • Bridge City (West Bank)
  • Broadmoor
  • Bywater
  • CBD & Warehouse District
  • Central City
  • City Park
  • Desire
  • East Carollton
  • East Riverside
  • Fairgrounds
  • Fillmore
  • French Quarter
  • Freret
  • Garden District
  • Gentilly Terrace
  • Gentilly Woods
  • Gert Town
  • Gretna (West Bank)
  • Harvey (West Bank)
  • Holly Grove
  • Holy Cross
  • Irish Channel
  • Jefferson
  • Kenner
  • Lake Shore & Lake Vista
  • Lake Terrace & Lake Oaks
  • Lakeview
  • Lakewood
  • Leonidas
  • Lower 9th Ward
  • Lower Coast & English Turn
  • Lower Garden District
  • Marigny
  • Marlyville & Fontainebleau
  • Marrero
  • Metairie
  • Mid City
  • Milan
  • Milneburg
  • Navarre
  • New Orleans East
  • Pontchartrain Park
  • River Ridge
  • Seventh Ward
  • St Anthony
  • St Bernard Area
  • St Claude
  • St Roch
  • Terrytown (West Bank)
  • Touro
  • Treme
  • Tulane / Gravier
  • Uptown
  • Uptown / Carrollton
  • Venetian Isles
  • Waggaman
  • West End
  • West Riverside
  • Westwego (West Bank)

Crescent City Living Logo

3205 Orleans Ave New Orleans, LA 70119

Telephone: +1 504.327.5303

Disclaimer: Multiple Listing Data provided at CrescentCityLiving.com is deemed reliable but not guaranteed. It is good practice to verify all information with a Real Estate Licensee before taking any action based upon this data. Listing data is made available for the use of consumers interested in the acquisition of real property only. Use of this data for any other purpose is strictly forbidden without the written consent of the Gulf South Real Estate Information Network.

Licensed by the Louisiana Real Estate Commission.

Copyright © 2025 Crescent City Living · All Rights Reserved. | Real Estate Websites by Ha Media


  • Home

  • Home Search

  • Communities

  • Services

    • Home Value Request

    • Buying

    • Selling

    • Renting

    • Landlords

    • Louisiana Real Estate Contract

  • The Blog

  • About Us

    • Client Reviews

    • Our Beliefs

    • Agent Pros

    • Crescent City Living Policies

    • Careers at Crescent City Living
  • Log into or manage your account…
    Account | Login
    • Call us…
    • Send us a message…
    • Find our office…

  • Contact Me (Dark)

    We take your time and privacy seriously. Fill out this encrypted contact form with the knowledge that we're not signing you up for endless emails.

    Contact Us

    Contact Us

    We would like to hear from you. Please send us a message by filling out the form below and we will get back with you shortly.

    Schedule a Showing

    Schedule a Showing

    Submit this secure form to request a showing. If you'd like a showing within the next 36 hours, it's best to call us after filling out this form.

    :
    Select a time for your showing

    Start the Selling Process

    Start the Selling Process

    If you're ready to sell your home, fill out this secure form to get started. One of our Specialists will contact you directly and there's no obligation.

    Sorry You Missed It!

    Sorry You Missed It!

    Looks like this property has already been claimed, but worry, not! We can help you find another. Fill out this secure form and we will get right back to you.

    Interested?

    Interested?

    Interested in this property? Fill out this secure form and I will contact you with details and availability.

    Interested?

    Interested?

    Interested in this property? Fill out this secure form and I will contact you with details and availability.

    Rent Your Home!

    Rent Your Home!

    If you've got a property you'd like to rent, we can help.
    Call us or fill out this secure form and we'll call you whenever you like.