Dear [Seller's Name], I am writing to inform you that I am withdrawing my offer to purchase the house located at [property address] in Palm Beach, Florida. After careful consideration and further evaluation of my personal circumstances, I have concluded that it is not feasible for me to proceed with the purchase at this time. I would like to express my appreciation for your time and cooperation throughout the negotiation process. I understand that you may have invested time and effort in considering my offer, and I sincerely apologize for any inconvenience this may cause you. Furthermore, I would like to explain the reasons behind my decision. [Explain your reasons briefly, whether it's due to financial constraints, unforeseen changes in personal circumstances, or any other legitimate explanation.] Please let me reassure you that this decision is in no way reflective of the property or its condition. It is solely a result of my own personal situation and the need to reconsider my financial commitments extensively. I understand and respect the efforts and expenses that you may have incurred during the negotiation process. In recognition of this, I am more than willing to compensate you for any legitimate costs associated with evaluating my offer. Kindly provide me with a detailed breakdown of any documented expenses, and I will be prompt in reimbursing you accordingly. Once again, I apologize for any inconvenience this may cause, and I genuinely appreciate your understanding. I wish you the best of luck in finding another suitable buyer swiftly. Should my circumstances change in the future, I would be more than interested in reconsidering the purchase of your property. Thank you for your time and cooperation. Sincerely, [Your Name] [Your Contact Information]