I may have the possibility to buy a property a little bit below market value. The deal seems interesting and the current owner asked me to put only $1,000 as the deposit when we'll sign the contract. If I sign the sales contract and put the $1,000 in escrow what can I be liable for if I decide that I dot not want to go through and close the deal? I understand that I will lose my $1,000 deposit but could the owner also go after me and seek damages or obtain a court decision ordering me to buy the property? If so, is there a way for me to protect me against that?