What is the law if a buyer wants to break a contingent real estate contract?

Question Details: My fiance has a contract to buy a home contingent on the sale of her existing home. The home is close to what she wanted but she would have to do some kitchen remodeling to get exactly what she needs. She has since found another home that is exactly what she wants for less money. Is she bound by law to buy the first home, if her existing home sells before the contingent contract expires? She knows she will lose her deposit. But can she be sued for breaking the contract?

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