Delaware Sample Letter Withdrawing Offer to Purchase House

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• Control #: US-0701LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Withdrawing Offer to Purchase House Dear [Recipient's Name], I am writing this letter to officially withdraw my offer to purchase the house located at [property address] in [city], Delaware. After careful consideration, I regretfully inform you that I am no longer interested in proceeding with the purchase. I would like to express my appreciation for both the time and effort you and your real estate agent have put into this transaction thus far. However, due to unforeseen circumstances that have arisen, I must revise my initial decision to purchase your property. I assure you that this decision was not taken lightly and was made after extensive consideration of both personal and financial factors. Unfortunately, changing market conditions and other personal obligations have made it infeasible for me to proceed with the purchase at this time. I understand the inconvenience this may cause you, and I apologize for any inconvenience I may have caused in the process. I sincerely hope that this withdrawal will not disrupt your plans or create any undue stress. Please know that this decision is final, and I will not reconsider re-engaging in this transaction. In accordance with our previous agreement, I expect the full refund of any earnest money or deposit I have made. Kindly process the refund as per the contract terms, and please inform me of the timeline associated with the reimbursement. I genuinely appreciate your understanding and cooperation in this matter. Should the circumstances change in the future, I will not hesitate to reach out and restart the negotiation process, as I believe your property holds great potential. Once again, I apologize for any inconvenience caused, and thank you for your time and attention to this matter. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Withdrawing Offer to Purchase House Dear [Recipient's Name], I am writing this letter to officially withdraw my offer to purchase the house located at [property address] in [city], Delaware. After careful consideration, I regretfully inform you that I am no longer interested in proceeding with the purchase. I would like to express my appreciation for both the time and effort you and your real estate agent have put into this transaction thus far. However, due to unforeseen circumstances that have arisen, I must revise my initial decision to purchase your property. I assure you that this decision was not taken lightly and was made after extensive consideration of both personal and financial factors. Unfortunately, changing market conditions and other personal obligations have made it infeasible for me to proceed with the purchase at this time. I understand the inconvenience this may cause you, and I apologize for any inconvenience I may have caused in the process. I sincerely hope that this withdrawal will not disrupt your plans or create any undue stress. Please know that this decision is final, and I will not reconsider re-engaging in this transaction. In accordance with our previous agreement, I expect the full refund of any earnest money or deposit I have made. Kindly process the refund as per the contract terms, and please inform me of the timeline associated with the reimbursement. I genuinely appreciate your understanding and cooperation in this matter. Should the circumstances change in the future, I will not hesitate to reach out and restart the negotiation process, as I believe your property holds great potential. Once again, I apologize for any inconvenience caused, and thank you for your time and attention to this matter. Yours sincerely, [Your Name]