if asking 200k, and a buyer offers 200k, do you have to except his offer. is there a penilty if you change your mind and do not sell it to the offerer?
2007-06-08 13:57:40 · 12 answers · asked by doughnut222 1 in Business & Finance ➔ Renting & Real Estate
No you don't have to accept however like the other Realtor mentioned if you are in a listing agreement with a Broker you may be required to pay the commision. Most contracts have some verbage to the effect of " So long as the broker or brokers agent brings a ready, willing and able buyer to purchase the property at or above the asking price the full commision will be due"
If you are selling it By Owner then certainly you can say no with no worries. If not I would check the terms of your listing agreement.
But the question really is why would you not want to sell if you got a full price offer? If you have changed your mind about selling at all I would take if off the market. If you are hoping for a higher offer consider how long it took you to get that one and be greatful!! Many home owners out there would love a full price offer but they are not getting even one.
Best of luck!
2007-06-08 18:39:56 · answer #1 · answered by Rosie 4 · 0⤊ 0⤋
Nobody can force you to do anything. Its just what is it going to cost you for the consequences of your actions.
You list a home for 200K and somebody offers you 250K You can say no. Real estate agent might sue you for commissions, but you are not legally bound to sell your home. You can change your mind.
2007-06-08 14:09:05 · answer #2 · answered by financing_loans 6 · 0⤊ 0⤋
you're ultimate-they could ask despite they desire yet finding a shopper (& a lender) keen to pay it extremely is a few thing else completely. regrettably, some human beings over enhance a sources for its area. even whether it extremely is materially extra desirable, there are nevertheless industry constraints.. reckoning on the fee of those extras in that industry (some areas those enhancements could be considered "avg" or predicted and it does not improve the fee). My wager could be, that an appraiser can furnish it a 5-10% above industry so the home is in all probability properly truthfully worth the mid $200s. offering expenses are actually not in common terms throwing a dart at a board and blindly seeing the place it lands, they could desire to be intently considered employing the revenues of the final 6-three hundred and sixty 5 days, the tax evaluation and the conventional of enhancements. It does not sound like they did this while putting the acquisition fee (returned-putting purchase fee isn't in keeping with how plenty you may desire to get to repay the non-public loan, it is no longer what you "sense" it extremely is properly worth or in common terms a stepped up fee from purchase). you may desire to have a shopper's agent who will instruction manual you in how plenty to furnish. The sellers won't like it or they won't settle for it yet finally, in the event that they could desire to sell, they're going to could desire to take the present industry fee from you or yet another client. optimistically, they have an agent who tells them the actuality with regard to the fee and encourages them to settle for practicable supplies.
2016-10-09 12:43:45 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I don't know if there would be a penalty or not. But why in the world would you ask for a price and be lucky enough to be offered that price, then turn it down? Always ask a little above what you want and negotiate down the the price you really want.
2007-06-08 14:02:34 · answer #4 · answered by Vida 6 · 0⤊ 0⤋
No you never have to sell your house, if you want take it off the market it is your house. Now if you accepted the offer you should have put in the contract pending you finding a house that you want to buy, then if you don't find a house the contract is null and void.
2007-06-08 14:03:22 · answer #5 · answered by freta_4 3 · 0⤊ 0⤋
I'm not a lawyer. And live in Mexico, so take anything with a grain of salt.
I think that if you have signed a contract for the sale transaction, or received any money in advance you might be charged or something.
If not, then probably not. But check with a lawyer.
2007-06-08 14:01:28 · answer #6 · answered by Roberto 7 · 0⤊ 0⤋
No its your choice which offer you accept. Some offer way more than what your asking price is and some offer way less!!!
2007-06-08 14:00:11 · answer #7 · answered by coley0204 2 · 0⤊ 0⤋
No. But if your home is listed with a Realtor and you don't accept it, you might be obligated to pay the commission depending on the terms of your contract.
2007-06-08 14:02:18 · answer #8 · answered by mefrancis 2 · 1⤊ 0⤋
No, as long as there is no verbal or written agreement of buy/sell. They offering matching price means nothing.
- this is not legal advise
2007-06-08 14:01:04 · answer #9 · answered by Tiamo 2 · 0⤊ 0⤋
Generally yes, unless they put a condition on it ,like an inspection, subject to financing, or if they want 90 days to sell their home.
If it is unconditional, then
you sold your home.
2007-06-08 14:03:52 · answer #10 · answered by riverwooddude 2 · 0⤊ 1⤋