While I don’t recommend going into any escrow with cold feet, the answer is YES. The escrow period begins with a 17 day contingency/ investigation period. HOA docs are reviewed by the buyer, multiple seller disclosures are reviewed, the buyer’s physical inspection takes place, the appraisal is ordered, etc. If the buyer is unhappy with ANY of the findings on these docs and investigations, or financing falls apart for any reason, the deal can easily be canceled.