Do I face any legal liability if someone makes an offer on my house, but then for family reasons I don't accept the offer but instead take the house off the market? Does it make a difference if it's a full-price offer? It's in New York.
What is in writing? Just making an offer means very little, verbly, --was this thru a realtor?
But I have read that if it is a legimate family emergency you can pull the house off the market without a problem.
An offer is not even close to being a contract.
And a verbally accepted offer is not enforcable.
Happens all of the time.
Just happened to y client today... my Seller had a verbally accepted contract. The "buyer" got cold feet, and refused to sign.
Back on the market we go.
Depending on your agreement with your listing agent, you may owe commission if a full-price offer was made on your house that you did not accept.
what c9pilot says.
& that's just your liability to the broker;
if the buyer made a full-price offer, he/she/they may have legal rights, too.
Your broker could sue for commission because you hired him to find you a ready, willing and able buyer and that was done. This is only if its a full price offer, anything lower would get you off the hook. Your buyer most likely wouldnt be able to force the sale since you dont have a signed contract on just the offer. (*NY)