Once an agreement is signed you have created a binding contract and can be sued for not following thru on the terms. You might get out of the contract only if the agreement contained terms that gave you a certain amount of time to change your mind or if the agreement you entered into was a conditioned upon you getting successful financing (if you are the buyer).

If these terms are not found in your agreement you are stuck with the terms. You can attempt to settle, but that will require paying some monies to the other party and the agent's comission. If settlement is not achieved, the other party and the agent can sue you to recover damages in expecting the transaction to go thru.

I am so sorry to give you bad news, but that is the law.

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