<prompt> Human: I very recently ratified a purchase offer on a home. I havent had the property inspected yet or anything but now Im getting cold feet and want to back out. Mainly because i think im getting in over my head. Its at the top of my budget and im just not comfortable committing that money for the next 30 years. Did I screw myself over? Ive read about being sued and Im freaking out. What are my options?  <response>: What does the purchase contract say? Buyers usually have the option to back out without penalty until they accept the inspection report. 