2006-09-24 15:12:03 · 17 answers · asked by madhounddog04 2 in Business & Finance ➔ Renting & Real Estate
Depends what paper it is. No matter what the set price is, your offer shouldn't change.
2006-09-24 15:14:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In the UK, yes, unless you've gone to exchange of contracts.
In the US, the owner can raise the price at any time prior to receiving a formal offer. If the owner receives a full price offer, he is legally bound to sell the property at that price. If the owner receives any offer and accepts it, he is legally obliged to complete the sale at that price.
2006-09-24 23:17:44 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
if you have a fully executed contract the price is what is stated in the contract.price cannot be unilaterally changed. if both parties agree, a new price could be arrived at. Seller could pay up to 3% of the selling price to pay for the buyer's closing costs. but that is not a price increase. though it might be agreed to raise the price to off set sellers net.
2006-09-24 22:29:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Do you mean you have an offered and accepted contract. If so then they can't change it without breaking the contract unless you agree. However, if you asked them for something else then they are free to set a price on whatever you asked.
If you mean they have a price in the newspaper or some such, that's just an offer to negotiate and they can change it.
2006-09-24 22:14:45 · answer #4 · answered by larry n 4 · 1⤊ 0⤋
If that piece of paper is a contract of sale on the house, no, it is not legal. If it is a selling price in a newspaper, for instance, then it may change due to circumstances of the sale.
2006-09-24 22:14:29 · answer #5 · answered by Joe & Amy 3 · 1⤊ 0⤋
Real estate laws vary by state. Many things are common though.
A listing can change anytime.
If you ahve a signed real estate contract in which money has changed hands, i.e., a deposit is in escrow, then no, the owner can not then up the price.
The true contyract is the signed escrow instructions prepared by the title company. Once this is in effect a contact is binding.
An excptiosn are contingencies placed in a contract and not net by one or more parties. The escrow officer has to make a determination in this case.
Remember, even for a signed contract, money has to change hands.
2006-09-24 22:24:51 · answer #6 · answered by Titus 5 · 0⤊ 0⤋
Yes. If you have made an offer on it, you can legally back out of the contract if you don't agree with the price. There's no law that says you have to buy it.
2006-09-24 22:37:10 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you read the sales contract that you the buyer and the seller signed, it will state on there that it is a LEGAL Document...It is binding to you and to the seller....If you are working with a Realitor, talk to them...What have they said about this??? If this is a For Sale By Owner sales contract, that is as binding as a sales contract thru a Realitor.
Good Luck to you.
2006-09-24 22:21:45 · answer #8 · answered by W. E 5 · 0⤊ 0⤋
If everything is on paper,and both parties signed it as a binding agreement.That paper is then a legal contract,and can not be changed by any party,are third party.
2006-09-28 04:20:47 · answer #9 · answered by George K 6 · 0⤊ 0⤋
As long as someone hasn't signed all necessary papers for the sale. Purchase agreement. And that deal isn't done until all papers have been delivered by mail, in person or electronically.
2006-09-24 23:09:46 · answer #10 · answered by Papa John 6 · 0⤊ 0⤋