This has to do with how inspection period rules are worded in your contract.
We have different types of contracts in FL.
So, read the whole contract and especially the part about inspections.
Inspection period could last 15 days, for example - so the buyer could still
have time to inspect and cancel.
The selling agent is not doing a good job for the buyer, it seems like.
It would be easier for the buyer to inspect and exit, then explain her
relocation situation. Depending on the contract, the buyer does not even have to
hire an inspector to exit the deal.
Normally, buyer and seller have to cancel by signing a release form.
If you refuse to sign it, the deal will go into dispute - to FREC (overseeing committee in FL).
FREC then will decide who is right or wrong.
If you disagree with FREC, then you can sue, which is very expensive, and this could be
decided either way. In court, the winners, for the most part, are attorneys...
While you are disputing, you still need to sell the house. The faster you start, the better it is for you.
What is important now, is to make sure that your agent properly handles prospective buyers
questions about why the house went under agreement and then went back on the market.
They might think that there was something wrong found during inspection.
A solution to this is to ask your current buyer to provide the inspection report (and do the inspection maybe), and then put the report into the MLS (in attachments). If issues found, you can also show the receipts from contractors who fixed the issues. Being upfront is the best approach. Everybody likes transparency.
The buyer may or may not agree, however, to do the inspection or provide the report.
If the buyer disagrees, your agent should put into MLS something like:
"Back on the Market! Buyer relocated, so you could take advantage of this amazing deal - with prices on the rise" I'd even raise the price, just a little. This shows confidence in how good your property is, and there is no "buyer didn't like it" aftertaste.
You can also consult an attorney on this matter.
Best of luck,
Beachfront Realty, Inc.