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We are going to sign a contract to buy our first house. What could go wrong?

As the title said. It is going to be our first house. We will deposit our reservation tomorrow and have a payment plan ($3000/month in 5 months) for the 5% deposit. The house is being built and it will be delivered to us in March next year.

What could go wrong? What should we look for in the contract which allow us to walk away and get full deposit back when thing goes wrong?

submitted by /u/anguyen1008
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source https://www.reddit.com/r/RealEstate/comments/db3hi7/we_are_going_to_sign_a_contract_to_buy_our_first/
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