Buying a house is one of the most significant financial decisions you will make in your life.
However, sometimes circumstances change, and you may find yourself in a position where you need to withdraw your offer on a house.
Sample Letters to Withdraw Offer on House
Whether you have found a better property, discovered issues with the house during the inspection, or experienced a change in your financial situation, it is crucial to communicate your decision to the seller professionally and efficiently.
In this article, we will provide you with 15 sample letters that will help you navigate the process of withdrawing your offer on a house, ensuring a smooth and hassle-free experience.
Letter 1: Withdrawal Due to Home Inspection Results
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to formally notify you of my decision to withdraw my offer on the property located at [Property Address]. After carefully reviewing the results of the home inspection, I have found several significant issues that I am not comfortable with, such as [list the major issues].
Given the extent of the repairs needed and the potential costs involved, I have decided that it is in my best interest to withdraw my offer at this time. I appreciate the opportunity to have considered your property, and I apologize for any inconvenience this may cause.
Please consider this letter as my official notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 2: Withdrawal Due to Change in Financial Circumstances
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I regret to inform you that I must withdraw my offer on the property located at [Property Address] due to a recent change in my financial circumstances. Despite my best efforts to secure financing, I have encountered unexpected challenges that make it impossible for me to proceed with the purchase at this time.
I understand that this news may come as a disappointment, and I sincerely apologize for any inconvenience caused. Please accept this letter as my formal notice of offer withdrawal.
I kindly request that you return my earnest money deposit as per the terms of our agreement. Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 3: Withdrawal Due to Failure to Reach Agreement on Repairs
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to inform you of my decision to withdraw my offer on the property located at [Property Address]. After extensive negotiations regarding the necessary repairs identified during the home inspection, we have been unable to reach a mutually satisfactory agreement.
As the cost and extent of the repairs are more significant than I am comfortable with, I believe it is in my best interest to withdraw my offer at this time. I appreciate the efforts made by both parties to find a solution, but unfortunately, we have not been able to come to a resolution.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation throughout this process.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 4: Withdrawal Due to Inability to Obtain Financing
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I regret to inform you that I must withdraw my offer on the property located at [Property Address] due to my inability to obtain financing. Despite my best efforts and pre-approval, my lender has informed me that they are unable to provide the necessary funds for the purchase.
I understand that this news may come as a disappointment, and I sincerely apologize for any inconvenience caused. Please accept this letter as my formal notice of offer withdrawal.
I kindly request that you return my earnest money deposit as per the terms of our agreement. Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 5: Withdrawal Due to Seller’s Failure to Disclose Material Facts
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to formally notify you of my decision to withdraw my offer on the property located at [Property Address]. It has come to my attention that there were material facts about the property that were not disclosed during the negotiation process, specifically [list the undisclosed facts].
As these undisclosed facts significantly impact the value and desirability of the property, I feel that I have been misled in my decision to make an offer. Consequently, I am exercising my right to withdraw my offer effective immediately.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 6: Withdrawal Due to Unsatisfactory Appraisal Results
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to inform you of my decision to withdraw my offer on the property located at [Property Address]. The recent appraisal of the property has revealed that the appraised value is significantly lower than the agreed-upon purchase price.
Given the discrepancy between the appraised value and the offer price, I am unable to proceed with the purchase as it would not be a financially sound decision. I understand that this news may come as a disappointment, and I apologize for any inconvenience caused.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation throughout this process.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 7: Withdrawal Due to Failure to Meet Contingencies
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I regret to inform you that I must withdraw my offer on the property located at [Property Address] due to the failure to meet the contingencies outlined in our agreement. Specifically, [list the unmet contingencies, e.g., sale of the current home, satisfactory inspection, etc.].
As these contingencies were an essential part of my decision to make an offer on your property, I am unable to proceed with the purchase without their fulfillment. I understand that this news may come as a disappointment, and I apologize for any inconvenience caused.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 8: Withdrawal Due to Seller’s Delay in Responding
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to inform you of my decision to withdraw my offer on the property located at [Property Address]. Despite my repeated attempts to communicate with you regarding the status of my offer and the necessary steps to move forward, I have not received a timely response.
As time is of the essence in this transaction, and I have not been able to obtain the information needed to proceed, I feel that I have no choice but to withdraw my offer. I understand that this news may come as a disappointment, and I apologize for any inconvenience caused.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 9: Withdrawal Due to Change in Employment
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I regret to inform you that I must withdraw my offer on the property located at [Property Address] due to a recent change in my employment situation. Unfortunately, I have received news that I will be relocating to another city for work, making it impossible for me to proceed with the purchase of your property.
I understand that this news may come as a surprise, and I sincerely apologize for any inconvenience caused. Please accept this letter as my formal notice of offer withdrawal.
I kindly request that you return my earnest money deposit as per the terms of our agreement. Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 10: Withdrawal Due to Unsatisfactory Title Search Results
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to formally notify you of my decision to withdraw my offer on the property located at [Property Address]. The recent title search has revealed significant issues, such as [list the title issues], which were not previously disclosed.
Given the potential legal and financial implications of these title issues, I am not comfortable proceeding with the purchase of your property. I understand that this news may come as a disappointment, and I apologize for any inconvenience caused.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 11: Withdrawal Due to Buyer’s Remorse
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to inform you of my decision to withdraw my offer on the property located at [Property Address]. After careful consideration and reflection, I have concluded that purchasing this property is not the right decision for me at this time.
I understand that my decision may come as a surprise and may cause inconvenience, and for that, I sincerely apologize. However, I believe it is better to withdraw my offer now rather than proceed with a purchase that I am not fully committed to.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 12: Withdrawal Due to Failure to Agree on Closing Date
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I regret to inform you that I must withdraw my offer on the property located at [Property Address] due to our inability to reach an agreement on a mutually acceptable closing date. Despite my best efforts to accommodate your preferred timeline, I am unable to proceed with the purchase under the proposed terms.
I understand that this news may come as a disappointment, and I apologize for any inconvenience caused. Please accept this letter as my formal notice of offer withdrawal.
I kindly request that you return my earnest money deposit as per the terms of our agreement. Thank you for your understanding and cooperation throughout this process.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 13: Withdrawal Due to Seller’s Failure to Make Agreed-Upon Repairs
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to inform you of my decision to withdraw my offer on the property located at [Property Address]. As per our agreement, you were to complete specific repairs, namely [list the agreed-upon repairs], prior to closing. However, upon my recent visit to the property, I discovered that these repairs have not been made satisfactorily.
Given the importance of these repairs to the overall condition and value of the property, I am not comfortable proceeding with the purchase without their proper completion. I understand that this news may come as a disappointment, and I apologize for any inconvenience caused.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 14: Withdrawal Due to Seller’s Failure to Provide Necessary Documentation
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I regret to inform you that I must withdraw my offer on the property located at [Property Address] due to your failure to provide the necessary documentation, specifically [list the missing documentation], as required by our agreement.
Without these crucial documents, I am unable to verify the legal and financial status of the property, which is essential for me to proceed with the purchase. I understand that this news may come as a disappointment, and I apologize for any inconvenience caused.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Letter 15: Withdrawal Due to Seller’s Misrepresentation of Property
Subject: Withdrawal of Offer on [Property Address]
Dear [Seller’s Name],
I am writing to formally notify you of my decision to withdraw my offer on the property located at [Property Address]. It has come to my attention that there were significant misrepresentations made regarding the condition and features of the property, specifically [list the misrepresentations].
As these misrepresentations have materially affected my decision to make an offer on your property, I feel that I have no choice but to withdraw my offer effective immediately. I understand that this news may come as a disappointment, and I apologize for any inconvenience caused.
Please accept this letter as my formal notice of offer withdrawal. I kindly request that you return my earnest money deposit as per the terms of our agreement.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
Conclusion
Withdrawing an offer on a house can be a challenging and emotional decision, but it is sometimes necessary to protect your interests and ensure that you make the best choice for your future.
By using these sample letters as a guide and adapting them to your specific circumstances, you can communicate your decision to the seller professionally and effectively, minimizing the potential for misunderstandings or legal complications.
Remember to remain courteous, provide clear reasons for your withdrawal, and follow the terms of your agreement regarding earnest money deposits and other obligations.
By handling the situation with care and respect, you can move forward with confidence, knowing that you have made the right decision for your unique situation.
