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In this video, realtor David Calhoun addresses the question of whether a buyer can back out of a purchase agreement after both parties have signed it. He emphasizes that he is not an attorney and advises viewers to consult a qualified real estate attorney for legal advice. Calhoun notes that the issue has arisen frequently during the COVID-19 pandemic, with buyers experiencing uncertainty. He explains that purchase agreements typically include contingencies designed to protect buyers, which may allow for cancellation under specific circumstances. The ability to withdraw from the agreement ultimately depends on the terms outlined in the contract.
