Well, you can do this in very limited circumstances. Let me explain.
When involved in the sale of a home, it’s crucial for the buyer and seller to understand the details of the real estate contract before it’s signed and, in particular, to recognize the points at which the contract can be cancelled without penalty.
A real estate contract, once signed by the buyers and sellers, is legally binding. While contracts vary from one jurisdiction to another and each contract is individually negotiated, many have contingencies that allow either party to cancel under specific circumstances. However, neither side can just say “I changed my mind” without facing some consequences.
Having said this, -- IF AND ONLY IF the contract provides some time frame for inspection, some exit clauses, a satisfactory home inspection, etc., I do not think you can move out.
A whole lot of this would depend upon what has been provided for in the contract, but by default, in normal circumstances you cannot simply walk out of the contract.
I am sure this would help.
You may please leave a positive rating if this helps as this is the only way we are compensated for assisting you. Alternatively, you may revert back with a reply if you need further assistance or if I have missed out on any aspect of your question.