A: Possibly. Standard real estate contracts in the Chicago and Chicagoland area have what is known as a Home Inspection Contingency. Under this contingency (and during a specific time frame), you may be able to cancel the contract with full return of your earnest money deposit if you send proper notice to the Seller within the contractual time frames. If you find yourself in this situation, make sure you talk over your options with your attorney. If you do not yet have an attorney, contact my office and I’d be happy to work with you.