Why do some have 'sale agrred' next to them and others have 'under offer' next to them?
At what stage further is the sale agreed? Can you still go ahead and put a higher offer in at this point?
2006-09-09 00:50:00 · 7 answers · asked by Gypsie 5 in Business & Finance ➔ Renting & Real Estate
In the US, even if there are offers being made it does not mean anything, legally. It means that the seller and prospective buyer are exchanging offers back and forth. Many agents will misrepresent whether offers are being made.
Only when there is agreement in all terms of the contract, and I mean every last detail, then there is a valid purchase contract, and the property is no longer available to others, although the seller may still accept back up offers in some cases, under the strict understanding that they are contingent upon the current prospective buyer being unable to perform. The purchase agreement is legally binding, and there are many cases under which the buyer or the seller can sue for specific performance of the contract. In other words, force the property to be sold to that person under the terms of the contract. Finding out you did not get as good a deal as you initially thought is not legal grounds for breaking that contract, nor is finding out you could have gotten a better bargain somewhere else. Matter of fact, those are both pretty much irrelevant once that contract is signed.
2006-09-09 04:44:00 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
You can and then the other people have been gazumped, which is a bit pants really. Under offer is less final then sale agreed but keep your eye on the property if the property you want has either sign as it may fall through!
2006-09-09 07:58:48 · answer #2 · answered by Sara P 3 · 0⤊ 0⤋
the sale price has been agreed but something could happen and the sale does not go through if the sale doesn't its back to offers and if it goes on it then gets sold.
you can bid when you see under offer .
2006-09-09 07:53:36 · answer #3 · answered by Nutty Girl 7 · 0⤊ 0⤋
If you're in England or Wales, those signs mean absolutely nothing. You can go right ahead and make another offer until the day 'exchange' of contracts takes place.
2006-09-09 07:56:02 · answer #4 · answered by Away With The Fairies 7 · 0⤊ 0⤋
To be honest I dont see that theres any harm in putting in an offer-- the best thing to do is to call the estate agent and ask them
2006-09-09 07:56:34 · answer #5 · answered by Scatty 6 · 0⤊ 0⤋
Oh yes, this is just to make it look like other people want it too, so you are prepared to pay more and not to haggle too much.
2006-09-09 07:52:44 · answer #6 · answered by Cj 4 · 0⤊ 0⤋
because they have to give notifications of these thing by law.
and
Yes.
2006-09-09 08:03:52 · answer #7 · answered by Spaghetti MY 5 · 0⤊ 0⤋