Neighbors house 50k less - buyers want out

I recently put a new home that I bought pre-construction on the market. I was the first of this new build to put my home on the market and quickly got a contract. In the last 2 weeks 4 homes in the neighborhood have gone up for sale - one 50k lower than mine. The buyers are threatening to give up the ernst money deposite and walk away from the deal. Is there anything I can do?

Quick, buy the home that is 50k less! Take a look at the contract. Under what terms can they cancel? If they have no out within the contract you could sue for specific performance, however, I doubt that would be worth it.

Start looking for another buyer. I suspect they want out because they feel they can get a better deal. Are you up for renegotiating?