If I am in contract to sell my home. Can I still show my apartment to other people but tell them I am in contract? Also, can I still keep my ad up about my condo in the gym?
The reason is this is such a bad market and I have a feeling the person will get out of the contract somehow. I just want to show people and will tell them the truth just in case this person backs out of the contract.
Is this ok? Or am I doing bad against the contract??
Thanks...
2007-11-01 11:06:17 · 3 answers · asked by David W 2 in Business & Finance ➔ Renting & Real Estate
You are quite free to continue to advertise the property until the sale is actually consummated. You are correct in informing other prospective buyers that there is a contract of sale covering the property at the moment. Simply explain to them that all contingencies in the offer are not yet removed and you are continuing to search for a buyer.
What you do NOT want to do, however, is accept another primary offer to purchase from another buyer. Be sure that, if someone wants to offer to purchase, their offer clearly indicates that they are a 'secondary offer' to the first offer, and that their offer will become the primary offer should the other party not complete the purchase.
2007-11-01 11:23:13 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
maximum contracts state that the electrical powered, plumbing, structural and HVAC systems would desire to be working and appearing the functionality they have been designed for. whilst a house inspector states that a faucet is leaking he's only letting you be attentive to what he observes. If the supplier won't restoration it it is as much as the customer to return to a decision if a low-priced restoration is nicely well worth the rationalization to back out of the settlement. it extremely is the supplier's accountability to make certain that everyone systems, roofs, residing house windows, and so on are appearing as designed. in the experience that your legal experts settlement did no longer have that clause, it would desire to have. As an approved client Agent, i'd consistently advise my customer to insist that that clause be contained in the settlement. in case you % to sell your place devoid of doing maintenance, checklist it classified ads an "as-is". you nonetheless wont sell it nor will maximum lenders approve a loan on a house that elementary systems are no longer functioning (aside from HUD sales).
2016-09-28 03:53:16 · answer #2 · answered by ? 4 · 0⤊ 0⤋
You are certainly able to continue to market the property and accept back up offers. Actually, it is wise to actively seek others that may be interested in case your first transaction does not close.
Good luck to you!
2007-11-01 12:54:08 · answer #3 · answered by godged 7 · 0⤊ 1⤋