We accepted the sellers counter offer. But they said someone else was going to come look at it today. So, if these people put a bid for it that is higher than what we accepted, can the seller than forget about us and take the other people's offer? I need peace of mind. I hate this waiting game!! Thanks.
2007-08-28 04:09:35 · 9 answers · asked by Kelly H 4 in Business & Finance ➔ Renting & Real Estate
Until the contract is signed they can do whatever they want legally. Verbal contracts in reality mean nothing.
Its all about money. If someone comes in and offers them more then you, they will accpet it. As long as they can legally do it.
2007-08-28 04:53:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Check with your realtor.
In my area, once the realtor presents your signed accepted offer to the seller OR their designated agent (their realtor), the deal is binding. That means if another buyer shows up and writes an offer higher than yours, the seller is still obligated to sell to you, not the other buyer.
So you need to know if your local law works the same way, and if your realtor presented the signed, accepted offer to the seller or their realtor.
Call. Now.
2007-08-28 11:16:06 · answer #2 · answered by Ralfcoder 7 · 0⤊ 0⤋
once you have an offer and acceptance they cannont take offers.
have you mad a deposit!
dont be caught up on the buyer against buyer game once you put a depoist in and they accept the offer they cannot do that.!
they can without a deposit or writted acceptance show the house or get a backup offer but dont let them play you into thinking the other buyer has over bid you to get you to raise your offer! if they countered and signed an agreement they can go no fater with anyone else
2007-08-28 11:18:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Unless you have a signed contract - the seller is allowed to let as many people look at their home as they wish.
2007-08-28 11:18:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
In Texas, no. The offer was acknowledged by both parties--it's a go. If in writing, no problem. If verbal, better check with real estate attorney immediately.
http://olgacooper.com/
2007-08-28 11:18:40 · answer #5 · answered by starz 1 · 0⤊ 0⤋
If you have a sign contract then the next offer would be contingent upon the first contract falling through.
Meaning they could not accept it until the first contract (yours)could not be consumated.
2007-08-28 11:13:15 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Looks like they made no verbal or contractual agreement with you. Unless you put a time limit on your offer, you have to wait, unfortunately..
2007-08-28 11:18:03 · answer #7 · answered by dee w 2 · 0⤊ 0⤋
Until the Purchase Agreement is signed by all parties, things can change.
2007-08-28 11:15:07 · answer #8 · answered by ? 4 · 0⤊ 0⤋
Yep, they sure can. However, since no one had taken the offer before, these folks who will be looking at it today probably won't, either.
2007-08-28 11:14:04 · answer #9 · answered by Peggy K 5 · 0⤊ 1⤋