We signed a contract and accepted an offer but have not closed. We've changed our mind. But told we could not get out of the contract by a realtor. We

In the event that a buyer breaches a real estate purchase agreement prior to closing, the standard remedy is the forfeiture of the earnest money deposit. However, any forfeited sum must maintain a reasonable proportionality to the breach; otherwise, it may be deemed a penalty rather than an enforceable liquidated damages provision. Generally, an amount equivalent to approximately one percent of the property’s purchase price is considered reasonable and enforceable. Any forfeiture exceeding this threshold may be subject to legal challenge, and the seller may have grounds to pursue recovery through litigation. Retaining legal counsel is advised for specific guidance on the matter.