Unless you have a valid reason to pull out due to some unfortunate incident that happened to the property recently or the area surrounding it (ex. murder,gang activity,environmental hazard,alien settlement), then you are at risk of losing your entire deposit. It is not fair to all the people who worked on your purchase and have you back out at the very last minute like a runaway bride. The person who will get affected the most is the agent since none of the deposit money will be split to him/her for time spent working with you and time wasted working on that deal when there could've been other clients they can actually close escrows with. When you buy a property and open escrow, you are allowed a certain time period to back out before risking losing your deposit. Honestly in my opinion, you went forward to open escrow on this property and are almost at closing so you should stay the property and deal with it later in selling it or leasing it out. You don't open escrow just to kill some time. If someone not involved in this transaction is giving you negative ideas about the property then they are just trying to bring you down to their level and not purchase a home. If losing your entire deposit is not a problem then cancel the deal and find another agent who will take a chance losing other potential clients they could've spent time on while working with your deal that is a "Ben Affleck" type of escrow. Otherwise stay with the course, close escrow, and sell it when you know you will make an acceptable amount of equity on the property. Good luck!