Is it posssible to withdraw(for buyer) from a signed accepted offer?
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Order the inspection, when you get the report you ask the seller for repairs/concessions. Be as unreasonable and inflexible with your demands as possible. Seller will refuse to compy, deal is then effectively dead, earnest money comes back to buyer.
Am I missing something? Why would you sign a contract if you didn't intend to honor it? You can get out of most contracts, but you may (and SHOULD!) face consequences.
The short answer is NO, the buyer cannot back out without any issues. They are at great risk of losing any deposit that they put up.
Contracts in MA are different from many other states, and a Buyer's Agent really has to know their stuff, because each and every little contingency (home inspection, appraisal, bank commitment, sale of Buyer's home, etc) is not spelled out in the Offer to Purchase Real Estate contract. While it's not the actual Purchase & Sale (the paperwork that that will go to the bank) it is still a legally binding contract that spells out the exact terms and conditions of the sale. If an agent 'forgets' to write in a contingency, it cannot be added later.
If the Buyer wants OUT of this contract, I would recommend that they speak with a Real Estate Attorney ASAP. The longer they wait, the more likely that they could lose all or part of the deposit given. There is a line in the Offer to Purchase that states: "If I do not fulfill my obligations under this Offer, the above mentioned deposit shall forthwith become your property without recourse to either party." This is about as clear as it gets.
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