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Under contract now buyers want out?

List agent here. Have a signed binder or sale (contract) for a listing with 1% deposit, cash offer pending an inspection (one year old house inspection will be clean). This was signed last week. Now buyers decide that house is too close to highway and want to walk away. Are they allowed to cancel contract for a non contingent reason? If so I’m assuming they forfeit earnest deposit right?

submitted by /u/pro655
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source https://www.reddit.com/r/RealEstate/comments/k3r7uh/under_contract_now_buyers_want_out/
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