Trying to make sure I understand your question -- you are the Buyer, and now the Seller wants "out"
of the deal? Here in NJ (at least in northern NJ), we use Attorneys in our real estate transactions and,
typically, both the Buyer and Seller have their own Attorney and their own Realtor. A lot depends upon
whether you were out of the "attorney review" period and were "under contract". You didn't say whether
you were going this alone (perhaps a FSBO, w/o Realtors and w/o attorneys?). Assuming you have an
Attorney, ask him/her whether your transaction was "out of attorney review". This question often comes
up as to whether you should proceed with Inspections before this point (as you, the Buyer, are spending
cash, which you may not be able to get back). Each transaction is different, and so the order in which
things are done will differ, but your Realtor and Attorney can better explain the specifics of this transaction.
Good luck in your home search.
Prudential NJ Properties-Westfield