Generally speaking there are only limited grounds for a purchaser to pull out of a contract to purchase a property as follows:
- If the contract is subject to conditions that have to be fulfilled by the purchaser and, after making reasonable efforts to satisfy those conditions, those conditions have not been satisfied;
- The contract is subject to conditions which have to be fulfilled by the seller and which have not been fulfilled;
- The seller commits a serious breach of the contract entitling the purchaser to cancel.
A contract for the sale and purchase of a property is a legal binding document and should not be entered into lightly. If in doubt you should consult your lawyer first.