Usually there are certain time periods/contingencies which give you an option to walk away- like a home inspection or mortgage contingency.......if not satisfied, those might be avenues that allow you to walk away, and get your deposit back.
But..........if you are far enough along in the deal, you can't just change your mind without there being some consequences
How far along are you with the deal?
Do you have an agent representing you?
If you don't, the best person to answer this, or let you know what your rights are...... this would be an attorney.
That sounds like a hefty bit of earnest money to me! If it is actually down payment money, then that means you already bought the townhome! No right of recission in GA for home purchases.
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
"I Stand Behind Getting You Results!
After you read the contract call your agent and tell them how you feel about the purchase.
Good Luck with your purchase.
Isabel Elsesser, Realtor
First United Realty
Save Time & Money!
Over 25 Million SOLD
Jen Bowman, Broker Associate
Keller Williams Realty