Can a Buyer Back Out of a Real Estate Contract in Georgia?

In Georgia, buyers can terminate a real estate contract without penalty during the Due Diligence Period — typically 7 to 14 days — for any reason, with earnest money returned in full. After that window closes, your options narrow to the financing contingency and appraisal contingency. Walk away outside those protected windows and you'll likely forfeit your earnest money, and in some cases face a specific performance lawsuit. Understanding exactly which window you're in — and what written notice is required — is the difference between a clean exit and an expensive one. Here's how each exit path works under the Georgia Association of REALTORS Purchase & Sale Agreement.