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Accepted Offer

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Katareen
5,000 Posts!

Member since 4/10

7180 total posts

Name:
Katherine

Accepted Offer

If we verbally accept an offer on our co-op--is that legally binding?

DH and I accepted an offer 2 weeks ago, but now we have a couple that wants to look at the apt. If they offer us more, what can we do??

We are FSBO--no agent on our side.

Posted 3/28/11 10:49 AM
 
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bicosi
life is a carousel

Member since 7/07

14956 total posts

Name:
M

Re: Accepted Offer

Unless you have a signed contract, no, not IMO..

I would let the other couple see it and see what happens.

You can have more than 1 offer done made.. if this new couple likes it and puts in an offer, then they can serve as a back-up in case the other one falls through. kwim?

Posted 3/28/11 10:51 AM
 

julesrbf
Baby Girl

Member since 6/09

3882 total posts

Name:

Re: Accepted Offer

Nothing is official until contracts are signed! Good luck!

Posted 3/28/11 10:55 AM
 

JandJ1224

Member since 6/06

5911 total posts

Name:
Jannette

Re: Accepted Offer

Did the other couple do an inspection yet? Do they have a preapproval? You are not obligated to take the first offer. Since you accepted you should at least give them the option to match a higher offer if you should get one.

Posted 3/28/11 11:38 AM
 
 

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