What are my obligations when someone puts an offer on my home?

Question

If I'm selling a home and someone submits a formal offer to buy it, do I have any obligations to them? I know that I don't have to accept their offer if it's not the highest offer, but do I have the right to accept a different, lower offer? Or, if the offer has contingencies on it, do I have the right to accept a different offer with fewer contingencies?

Answer 1

Green Eyed Girl is right on the money with her reply. You may accept, reject, or counter any offer you receive. If handled properly contractually, you may also counter more than one offer at the same time, as long as the counter offer includes a proviso that there are multiple counter offers being tendered and that the seller reserves the right to select one (or none) of their choice.

It is very common for a seller to accept one of the lower offers if it is "clean" and devoid of many contingencies.

Your ONLY obligation is to go through with any offer you actually accept. Once you accept an offer, you do NOT accept another, unless it is clearly indicated that the second accepted offer is not primary in position, and will only be legal and considered if the first offer should fail to come to fruition.

Answer 2

You have no obligations until the offer becomes a contract. You have the right to reject, counter or accept any offers that come to you until you are officially "under contract" with a buyer.

Answer 3

this is the final and maximum truthful internet site. It has an exceedingly good popularity as paying its individuals promptly. that's quite properly everyday interior the internet community and boards. you do no longer could look ahead to days or even weeks for money, you receive money promptly as quickly as you request your cash-out. All you're able to do is click and consider 4 commercials common and that's it.you do no longer even could pay something. for extra archives and information, click cutesybrucelee woman icon image.