Quote:
Originally Posted by Arrogant Bastard 
Pretty sure this is how it works in CA, too, and in most places (I assume). You don't even have to specify a valid reason, though it's usually a disagreement over who will pay for what. But it's not unheard of to back out at this stage just because the buyer got cold feet or found a better option at the last minute.
The CA form contract and law gives incredible leeway to the buyer. I had a seller bail out of escrow during the inspection phase because "the residence is 2 stories." Like you couldn't figure that out BEFORE PUTTING IN THE OFFER, dumbfuck?
