All Posts Tagged With: "back-up"
Compare “For Sale,” “Sold” & “Under Contract” Signs
In our area real estate signs say For Sale, Sold and Under Contract. These signs are a shorthand way to explain the contract status of the property — information which may suggest that the property is off the market, on the market or maybe both. For Sale It might seem that a property which is [...]
8Jan2010 | Peter G. Miller | 0 comments | Continued
What’s A Back-Up Offer?
A property is not actually “sold” until a sale closes and title passes to another party. For this reason sellers will often seek a “back-up” agreement in case the original offer falls through. A back-up agreement is a complete sales contract that includes all terms and conditions but it has no effect if the first [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Must All Real Estate Offers Be Delivered?
In the general case, brokers must submit all written offers until a seller accepts an offer. However, because contracts can fall through, the view here is that all written offers should be presented because there can be a need for a back-up agreement. Brokers typically have no obligation to present oral offers — “if I [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
© Copyright 