Buyers: Withdrawing an Offer

Can you take back an offer? In most cases the answer is yes, right up until the moment it is accepted, or even in some cases, if you haven't yet been notified of acceptance. If you do want to revoke your offer, be sure to do so only after consulting a lawyer who is experienced in real estate matters. You don't want to lose your earnest money deposit or find yourself being sued for damages the seller may have suffered by relying on your actions.
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October 12 2012 - Fayetteville
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Here in North Carolina, we also have what we call a 'due diligence' period where you have the right to walk away for basically any and all reasons if you have agreed on that due diligence period. Consult an attorney or speak with your realtor.
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October 13 2012
 
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