Handling Deposits: When a buyer makes an offer on a house that’s for sale, and the seller accepts the offer, the buyer is required to pay a deposit, which will be returned to him, if he changes his mind in 3 days. This deposit will be applied to the price of the house at the time of closing, which is generally after a month. After 3 days, if the buyer changes his mind, he will have to forego his deposit, i.e., legally the seller keeps it. If it happens such that the buyer changes his mind...
