We signed a contract yesterday, 4/6/12 to purchase a new home in Williamsburg, VA. We changed our minds. Can we get out of the contract?

Question

We signed a contract yesterday, 4/6/12 to purchase a new home in Williamsburg, VA. We changed our minds. Can we get out of the contract?

Answer

Sure, if the seller agrees (and presumably you're willing to pay

the penalty demanded).