.  By Florida law you have 00 days from the date you signed the original purchase documents (not the closing docs) to back out without any penalties. Since you have passed ROFR it has probably been more than 00 days since you signed the purchase agreement. If so, then you will most likely lose your deposit if you back out now.  The exception would be if the sellers drag their feet and do not get their closing docs in by the deadline specified in your contract. If that happens you can walk away from the deal and get your deposit back. All of this should be spelled out in your purchase contract documents so look through them very carefully so you know what you agreed to when you signed them.  