Legal Question in Real Estate Law in Louisiana

You can always get out by forfeiting the earnest money. Aside from that, you can get out (and get your earnest money back) if any of the conditions of the contract were not met (e.g., couldn't get financing after good-faith attempts, house didn't pass inspection, present home didn't sell, act of sale not scheduled on time, etc.). You need to review the purchase agreement and see what stipulations you put in there. If any are not met, you can cancel without penalty.