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What are the chances of the buyer suing me for not depositing "earnest money"?

Hello! I do realize that I sound like a douchebag, but I want to back out of my contract. It hasn't been that much time passed since I went under contract so the seller might be able to contact another bidder.

It's not saying anything about me being legally punished in the contract if I refuse to deposit earnest money.

I do have inspections scheduled this Monday so I might be able to back out after that as well.

submitted by /u/GalaxyFarAway2
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source https://www.reddit.com/r/RealEstate/comments/18kbnh8/what_are_the_chances_of_the_buyer_suing_me_for/
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