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In this video, realtor David Calhoun addresses whether a buyer can back out of a signed purchase agreement. He clarifies that while he is not a lawyer, it's important to understand the implications of backing out. Many buyers are feeling anxious due to COVID-19 and considering withdrawing from contracts. The ability to back out often depends on the specifics of the transaction and the built-in contingencies in purchase agreements, which are designed to protect buyers. Calhoun emphasizes the need for legal advice from a qualified real estate attorney if there are concerns about the agreement.