We made an offer on a house and the seller accepted it. Now we did a Home Inspection of the house, and we found that it had unacceptably high Radon levels. The seller has offered to install a Radon pump to fix it, but we have decided that we don't want to buy the house because we don't want to deal with the Radon issue in future.
So my question is, what are our options? Is it possible to back out at this point? My understanding is that if the seller refuses to fix a problem revealed in an Inspection, the buyer is allowed to back out. But can the buyer back out if the seller is willing to fix it?
I imagine that the answer to my question might depend on the specifics of my contract, but I don't have it in front of me. So can someone tell me how Inspection contingencies work in most contracts? If it helps I live in New Jersey.
EDIT: Apparently after the inspection was done, we accidentally signed a paper saying that if the sellers fixed the Radon problem, then we would buy it. Now we're really up a creek without a paddle, aren't we?
EDIT 2: To avoid the risk of legal trouble, we have now decided to buy the house after all. So this question is moot now.