and for many reasons but you need to pay very close attention to the dates and how the contract is written.
It's yet another good reason to use a Realtor.
inspection turns up something you don't like
can not get the loan you wanted
on and on.
do you need to get out of a contract?
I maybe able to help if you do not have a Realtor you are now working with.
Coldwell Banker Residential Real Estate