02/22/2012

Palmetto Bay Offer on House

Q: If I make an offer on a house in Palmetto Bay, and the seller sends a counter offer that I accept, can he still change his mind and sell the house to another buyer?

A: A Seller can retract his counter offer any time before you accept it. If you accept the seller’s counter offer, he is bound to sell you the house under the terms you agreed upon.

This being said, people don’t always do the right thing, and some sellers do try to back off for various reasons. Then the question becomes whether it is worth pursuing a legal action to enforce the contract, or if you should forget the unethical seller and look for another home. In situations like this you should consult an attorney.

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