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As per the Law, home seller who actually accepts an offer by a buyer under the exact terms of the offer. When this happens, the seller and the buyer are now in contract subject to any contingencies required of the buyer in order to close the transaction. In such a situation the buyer has the control over the transfer, assuming there are required written contingencies that the buyer must waive in writing for the sale to close.
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"http://www.loopnet.com/lid/14331064" - Miami Beach Apartments
"Almost" at the same time? Did you communicate the buyer's withdrawl of the offer to the other agent? Which occurred first? That's your answer.
In the early stages, you (better yet, your broker) may be able to speak with the other agent/broker and resolve this quickly and amicably. A release now allows the seller to put the property back on the market without much time lost. A small termination fee could be offered.
The alternative is legal recourse. The seller's home could be held up while litigation goes on. The buyer may be ordered to pay the deposit as indicated in the agreement, and any additional fees, if it goes to court.
At this point, it is in everyone's best interest to play nice and reach a reasonable settlement.
You need to let your broker know ASAP. If you are the broker, call the Realtor, legal hotline. You may have some responsibility if you failed to timely communicate the buyer's decision to withdraw the offer.
Thank you ThebigW. The buyer has changed his mind again. Now he wants this place and deposit his check, even want to put more deposit. Thank you so much for your very helpful information.
I dont know a lot of things. I am a brand new realtor and brand new immigatration. My BIC forward my question to the frontdest laday, this girl even has no Realtor license. So I hope in this professional forum maybe I can get some help. I beleive I can be one of your professional realtor very soon.
I dont know a lot of things. I am a brand new realtor and brand new immigatration. My BIC forward my question to the frontdest laday, this girl even has no Realtor license. So I hope in this professional forum maybe I can get some help. I beleive I can be one of your professional realtor very soon.
googled kbmproperty....are you Lin Wu? If you are, that was easy and I wouldn't hire you or work with you. Just saying........
googled kbmproperty....are you Lin Wu? If you are, that was easy and I wouldn't hire you or work with you. Just saying........
Boy, are you unsympathetic. The OP is a new realtor, he/she is getting their feet wet and looked here for advice. I am sure that you never made any mistakes when you first started out.
OP, just ignore impolite replies and don't hesitate to ask for help if you have any doubts, but your really should check with your broker or co-workers first.
Boy, are you unsympathetic. The OP is a new realtor, he/she is getting their feet wet and looked here for advice. I am sure that you never made any mistakes when you first started out.
OP, just ignore impolite replies and don't hesitate to ask for help if you have any doubts, but your really should check with your broker or co-workers first.
I see you agree with me, in a roundabout way.
The reason I made the comment is because she did not make it with an anonymous user name and I was pointing out to her how easy it was to find out who she was. I'm guessing there are others who would not want to hire someone who is asking important questions about her job on a public forum. Just my opinion, that's all.
Boy, are you unsympathetic. The OP is a new realtor, he/she is getting their feet wet and looked here for advice. I am sure that you never made any mistakes when you first started out.
OP, just ignore impolite replies and don't hesitate to ask for help if you have any doubts, but your really should check with your broker or co-workers first.
Well, if you read the whole thread you'll notice I am not alone.
I dont know a lot of things. I am a brand new realtor and brand new immigatration. My BIC forward my question to the frontdest laday, this girl even has no Realtor license. So I hope in this professional forum maybe I can get some help. I beleive I can be one of your professional realtor very soon.
We have a lot of realtors like this where I live too
Boy, are you unsympathetic. The OP is a new realtor, he/she is getting their feet wet and looked here for advice. I am sure that you never made any mistakes when you first started out.
OP, just ignore impolite replies and don't hesitate to ask for help if you have any doubts, but your really should check with your broker or co-workers first.
I am glad my screen name is not "21 century" or "Keller Williams" something like that. otherwise some people maybe busy google out hundreds agents name which their broker should not hire.
Thank you dontaskwhy, yes I will ignore impolite replies and very appreciate your post.
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