Real Estate Law
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Unfortunately, a signed contract is a legally binding document and Florida does not have any type of 3 day period to cancel such contract, so it is valid and legally binding, once it is signed by both parties.
So, unfortunately, generally, if the buyer backs out of the contract, then the buyer would forfeit any deposit paid plus the seller can sue the buyer for any additional damages directly related to the buyer's breach of contract.
I am very sorry to provide you with this bad news, but please understand that I do have professional obligation to provide JustAnswer.com customers with correct answers, even when answer is not favorable to the customer.
I wish you the best of luck and God bless you!