We recently signed a non-contingent purchase agreement on a new home with a closing date of April 13th. We contacted our sales rep. and asked them for an extended closing since our current home has not sold yet. We have not heard back from them yet on the extended closing but in talking with my father in law last night who used to sell real estate (years ago) he said that once we have earnest money on a home, we have "our foot in the door" and without a quit claim from the realitor, they cannot simply take our earnest money and run if we do not close on the 13th as agreed on. I am going to re-read the purchase agreement but wanted to get a little more info on what a home buyers rights are once they have earnest money placed on a house and have signed a purchase agreement.
I live in Minnesota.
Thank you.

