Agency
What is 'buyer's remorse' and does it entitle a Pennsylvania buyer to rescind a real estate contract?
ABuyer's remorse always entitles the buyer to a full refund of their earnest money
BBuyer's remorse (second thoughts after signing) is not a legal basis for contract rescission; the buyer remains bound to the contract absent a valid contingency or other legal grounds✓ Correct
CPennsylvania law allows a 3-day rescission period for all residential purchase contracts
DA buyer experiencing remorse must sue in court to be released from the contract
Explanation
Buyer's remorse — a change of heart after signing a purchase contract — does not entitle the buyer to cancel without penalty in Pennsylvania. Unlike some consumer contracts (door-to-door sales, time-shares), residential real estate purchases have no cooling-off period under Pennsylvania law.
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