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Wondering how to legally withdraw from a signed contract when buying a property? You're not alone! In this video, REIQ CEO Antonia Mercorella breaks down the process and explains your options, rights, and obligations when you need to exit a property purchase agreement. Whether you're facing buyer's remorse, unexpected financial hurdles, or unforeseen issues with the property, this video covers everything you need to know. From understanding cooling-off periods to special conditions and legal implications, Antonia provides expert advice on navigating this tricky situation. This video is a segment from Prop IQ - a television series produced by the Real Estate Institute of Queensland (REIQ) and is designed to demystify the process of buying, selling, or renting a property. Each episode tackles the pressing questions that matter to you whether you're a seasoned investor, a first-time homebuyer, or somewhere in between. The Real Estate Institute of Queensland (REIQ) is the peak body representing real estate professionals across Queensland. As the State’s most trusted and influential advocate for real estate business interests and private property investor rights for more than a century (since 1918), the REIQ remains committed to ensuring the highest levels of professionalism and good governance are achieved through regulatory compliance and the advancement of best practice standards of professional conduct. The REIQ’s enduring purpose is to ensure real estate professionals stay a step ahead by leading a sustainable industry that continues to make significant contributions to the Queensland economy and to strengthen conditions for those working within the industry. The REIQ serves a member and client base comprising almost 30,000 property professionals. This includes principal licensees, salespeople, property managers, auctioneers, business brokers, buyers’ agents, residential complex managers, and commercial and industrial agents in Queensland. Prop IQ Website: https://www.reiq.com/resources/prop-iq REIQ Website: https://www.reiq.com/