Real Estate Contracts
Can Listing Agent Bind Seller to Purchase Contract?
Question: In a recent column a buyer made a $480,000 offer to purchase a Casa Grande home. The listing agent emailed the buyer’s agent, “Sounds good. Let’s open escrow. Seller signing the purchase contract.” The seller then sold the house to another buyer for $510,000. Your answer was that the email of the listing agent…
Read MoreCan Seller Cancel Listing Agreement?
Question: We signed a listing agreement to sell our Glendale home for $780,000. Our listing agent said that she had listed and sold 16 homes in our subdivision. Although our listing agent said that the listing price of $780,000 was too high, we were in no rush to sell our home in this “booming” market.…
Read MoreBuyer May Want To Waive Home Inspection
Question: In a recent column you said that, if the seller was unhappy with the sale price of the home and as a result would not allow a home inspection by the buyer, the buyer could waive the home inspection. In other words, you said that the buyer should “suck it up” because the seller…
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