Comments on: How could our full-price offer be rejected? http://www.ourbroker.com/library/how-could-our-full-price-offer-be-rejected/ Consumer Real Estate Information Since 1996 Tue, 07 Feb 2012 14:05:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Peter G. Miller http://www.ourbroker.com/library/how-could-our-full-price-offer-be-rejected/comment-page-1/#comment-759 Peter G. Miller Tue, 17 Feb 2009 18:01:56 +0000 http://www.ourbroker.com/?p=713#comment-759 There is an unusual aspect of real estate selling. What's really happening is this: A seller is saying I'd like someone to make an offer for my property at or above a given price. A buyer then presents an offer with lots of terms and conditions -- NOT the seller. In other words, it is actually the buyer who makes the offer. Thus there is no seller offer to accept, just a testing of the marketplace. There is an unusual aspect of real estate selling.

What’s really happening is this: A seller is saying I’d like someone to make an offer for my property at or above a given price. A buyer then presents an offer with lots of terms and conditions — NOT the seller. In other words, it is actually the buyer who makes the offer. Thus there is no seller offer to accept, just a testing of the marketplace.

]]> By: nadean pedersen http://www.ourbroker.com/library/how-could-our-full-price-offer-be-rejected/comment-page-1/#comment-755 nadean pedersen Tue, 17 Feb 2009 16:35:37 +0000 http://www.ourbroker.com/?p=713#comment-755 This implies that if the buyer had not attached a stipulation to their full-price offer (thus turning it into a counter-offer), their full-price "offer" would have constituted acceptance of the seller's offer price. Then is the seller obligated to sell to buyer at that price since it appears a contract has been made? This implies that if the buyer had not attached a stipulation to their full-price offer (thus turning it into a counter-offer), their full-price “offer” would have constituted acceptance of the seller’s offer price. Then is the seller obligated to sell to buyer at that price since it appears a contract has been made?

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