If I bid on a home for sale, through a realitor, and I bid the asking price, can the seller decide to back out
I bid on a home, FOR the asking price the seller requested, and the seller had three days to repond to the bid. (Mind you, I didnt bid low...I offered up fronttheasking price the seller wanted...the deal is through a realitor). It's day 3, comming down to the last minute, and now the seller isnt sure if he still wants to sell the home suddenly. Any legal action to take? Or just walk away!?
Answers:
While it is normal in business for a company to take the largest sum of money offered when multiple people are bidding on the same thing, when it comes to selling private homes, the sellers can choose to sell on the basis of which buyers they like the most, because they have some sentimental value tied up in the place they are parting company with.
They want a "nice" couple to take care of their place after they are gone, so they may decide to sell to other than the highest bidder.
Depending on how many different people are bidding on the place, maybe they cannot make up their minds in 3 days.
talk to a lawyer. but in this market, just walk away and you can probably do better.
yes they can. Its their right to sell or not to.
Did oyu have a contract in writing that says they HAD to sell to you?
Nothing you can do but realtor probably owed commission.
what is a realitor?
maybe you should have used a realtor.
They do not have to take your bid. Someone may have bid above asking price during the 3 days, or maybe they just changed their mind. Either way, there is nothing you can do but look for another house.
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