As the buyer, you have to properly cancel the purchase agreement. Your real estate agent should help you with that. Then, the buyer and the seller have to sign escrow instructions giving the earnest money deposit back to the buyer. First thing to do is to have your real estate agent help you with this.
If your agent can't or won't help you with this, then contact an attorney.
Answered on Sep 08th, 2015 at 8:05 AM