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Sun, May 10, 09 at 17:26
| 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. |
Follow-Up Postings:
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| 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. |
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- Posted by ncrealestateguy (My Page) on Sun, May 10, 09 at 21:04
| 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. |
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| 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. |
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- Posted by sylviatexas (My Page) on Tue, May 12, 09 at 16:20
| what c9pilot says. & that's just your liability to the broker; |
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| 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) |
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