Under what condition can a buyer withdraw from a purchase agreement?

A buyer can withdraw from a purchase agreement before any contracts are signed because, at this stage, no binding legal agreement has been formed. Until the buyer and seller have mutually agreed on the terms and conditions laid out in a contract and both parties have signed it, the buyer is free to change their mind for any reason without facing legal consequences.

This flexibility is crucial as it allows potential buyers to reconsider their decisions without being bound by any obligations. Once a contract is signed (which occurs after acceptance is communicated), the buyer is generally committed to the terms of the agreement, which can entail penalties for withdrawal without valid justification. Therefore, the timing of the decision to withdraw—before any formal agreement is in place—is what makes that choice viable.