Yes, but timing and contract contingencies determine your risk. This guide explains when buyers can cancel and when deposits may be at risk in California.
An accepted offer is not always final. California purchase contracts include contingency periods that can protect buyers when used correctly.
Most buyers rely on inspection, appraisal, and loan contingencies. If the contract still includes an active contingency, cancellation may be possible with reduced risk.
Your earnest money deposit can be at risk if contingencies are removed and you cancel without contractual grounds. Deadlines matter. Missing response windows can weaken your protection.
Material inspection findings, appraisal gaps that cannot be resolved, and loan denial within contingency timelines are common cancellation paths.
Track contingency dates in writing, request extensions before expiration, and document lender and inspection updates. Never remove contingencies casually in competitive scenarios.
If you are unsure, pause and review your contract with your agent and escrow officer before signing any removal forms. One rushed signature can change your risk profile dramatically.