Backing Out Of A Deal, Need Advice!

[Amani Clarke]

Hey guys ! So I got my offer accepted for what would be my first rental property and I intend on renting it out however I decided to back out because I was unaware there was a unfinished basement in the house and that simply wouldn't pass section 8 inspection so I texted the agent backing out of the deal. He never responded back, every time I try calling him he doesn't answer. I signed a purchase and sales agreement already and we're supposed to close July 7th. I just don't want to get sued or blindsided for backing out without signing anything saying that I'm backing out. Any advice on what to do next?