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UrbanTurf Reader Asks: What Should I Do Now That I Have Cold Feet?

  • January 19th 2010

by Mark Wellborn

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UrbanTurf Reader Asks: What Should I Do Now That I Have Cold Feet?: Figure 1

In this week’s installment of UrbanTurf Reader Asks, a reader who is under contract on a condo in the U Street Corridor and has cold feet is wondering if there is anything she should do before deciding to pull out of the contract.

I was excited to buy my first place and I am now under contract on a condo in the U Street Corridor after losing out on two other properties. The only problem is that I am now starting to get cold feet! I'm worried that the space (which is smaller than the apartment I currently rent and will be more expensive) is not big enough for me. I'm also worried that I might not be getting a "good" deal. Is there anything I should do before deciding whether to pull out of the deal or not? Is this common among buyers? My three-day window for reviewing the condominium documents is approaching, which is my last chance to get out of the deal if I decide I am not interested.

Post your thoughts in the comments section. If you would like to submit a question for UrbanTurf Reader Asks, send an email to editor@urbanturf.com.

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* Should I Buy a Rowhouse in Mount Pleasant or Petworth? * UrbanTurf Reader Asks: What Are the Chances That My Landlord Will Reduce My Rent?

This article originally published at https://dc.urbanturf.com/articles/blog/urbanturf_reader_asks_what_should_i_do_now_that_i_have_cold_feet/1693.

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