Hire experts if you have complicated tax or legal questions that are outside the area of expertise of your real estate agent or mortgage lender. Your purchase contract should include contingencies designed to protect you. Most contracts include contingencies for financing, inspections and title review. Don't remove these contingencies until you're confident that they have been satisfied. If you're a buyer and choose not to protect yourself with contingencies, you should understand that you might risk losing your deposit if you do not go through with the transaction.
Most buyers make a good faith-deposit when they enter into a contract to buy a home.
Your contract should specify what happens to the deposit if the sale is not completed, or if contingencies are not satisfied. More and more, homebuyers and sellers are using the Internet to help them buy and sell homes. Internet advertising is not regulated, so don't rely exclusively on the information you obtain on the Internet. Verify critical information independently. Be diligent about seeking answers to every question you have about the property you're buying before you complete the transaction.