House Offer: Allowed to contact other interested parties?

Question

We just got an offer on our house. A second person was hoping to make an offer on the house too. Are we allowed to contact the interested party to tell them that we're currently entertaining an offer? Or is this illegal?

Answer 1

If the offer has not been accepted than a communication to the prospective buyers would be appropriate.

You did not mention if you have an agent? If you do a call from the agent to the propsective buyer could go something like this.

"Mr and Mrs Johnson I have an understanding you were interested in the Smith home at 123 Main Street and an offer has come and has not been accepted by the sellers, would you like to entertain an offer?"

The agent cannot disclouse the details of the first offer.

My experience tells me that the second person may not have as much interest or the timing may be off.

Often the offer that you have in front of you is worthy of consideration.

Talk and explore these issues with your agent/Broker

Answer 2

you do no longer choose a realtor yet they know each and all the place of work work and have the connections to make each and everything bypass smoother. honestly, do no longer purchase a house from a pal with out intermediary. there are somewhat some issues that would bypass incorrect and you dont choose to lose a pal over money or possessions. A realtor can help, if by making use of no opposite direction than by making use of being a scapegoat while some thing is going incorrect. sturdy success.

Answer 3

Actually, even if you've accepted an offer you can contact others (through your Agent if you have one.)

You would have to disclose that there is already a contract pending, and that they would be making a "back up" offer, but there's nothing wrong with that.

Answer 4

You're the owner of your property and as long as you did not accept the first offer, you (as the owner) can do what you please.

Regards