Subject: Withdrawing Offer to Purchase House in Houston, Texas Dear [Seller's Name], I hope this letter finds you well. I am reaching out to formally withdraw my offer to purchase your property located in Houston, Texas. After careful consideration and discussions with my family, we have decided that it is in our best interest to withdraw our offer for the time being. While we were initially eager to move forward with the purchase, recent circumstances have necessitated a change of plans. It is important for us to ensure that our financial resources are allocated appropriately and responsibly at this time. As much as we were excited about the potential of making your home our own, we have come to the conclusion that we must reconsider our current real estate priorities. We understand that this decision may inconvenience you, especially if you were relying on the sale of your property to finalize other plans. We sincerely apologize for any inconvenience and distress this may cause. It's essential to emphasize that this decision is not a reflection of any flaws or issues with your property — it is solely based on our current financial standing and shifting real estate priorities. It is our sincere hope that you will find a buyer who will appreciate your property as much as we did. We genuinely acknowledge the time and effort you have invested in the process thus far, and we regret not being able to proceed with the purchase. We kindly request your understanding in this matter and request that you consider this letter as our formal notice to withdraw our offer to purchase your home. Furthermore, we appreciate your cooperation and understanding. Once again, we sincerely apologize for any inconvenience caused. We wish you the best in finding a suitable buyer for your property. Best regards, [Your Name] [Your Contact Information]