[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Withdrawing Offer to Purchase House — [Property Address] Dear [Recipient's Name], I hope this letter finds you well. I am writing to formally withdraw my offer to purchase the house located at [property address] in San Jose, California. After thorough consideration and examination of my current circumstances, I have regretfully made the decision to withdraw my offer. [Estate Agent's Name], the real estate agent representing my interests, has apprised me of recent developments that have impacted my financial situation and ability to proceed with the purchase. Unfortunately, these unforeseen circumstances have left me with no option but to retract my offer. I deeply regret any inconvenience this decision may cause to you and the other parties involved. I understand that your time and effort have been devoted to this transaction, and I apologize for any inconvenience caused. Please be assured that this decision has not been taken lightly. I have weighed all the factors and determined that it is in my best interest to withdraw my offer at this time. I sincerely appreciate your understanding and cooperation throughout this process. Furthermore, I kindly request you to promptly release any escrow or deposit funds associated with this offer, as stated in the terms and conditions of the purchase agreement. Any necessary paperwork or forms required to finalize this withdrawal can be sent to me via the email address provided above. Once again, I apologize for any inconvenience caused by this withdrawal. I thank you for your time and effort in considering my offer and wish you success in finding a suitable buyer for the property. If circumstances change in the future, I would not hesitate to consider doing business with you again. Thank you for your understanding. Sincerely, [Your Name]