There may be times when either the buyer or the seller might want to walk out of the deal that they entered into. While some of these reasons are backed by a valid and legal reason there are times when backing out of the deal is not allowed and the party walking out of the deal may have to pay to back out of an offer. In order to give the buyer as well as the seller to rethink of their decision, each property transaction has a period called the attorney review period within which they are free to back out of the deal.