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Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 33713
Experience:  15 years real estate, Realtor. Landlord 26 years
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Can buyers or sellers pull out anytime during the

Customer Question

Can buyers or sellers pull out anytime during the offer/counter offer process?
Does this apply to purchasing a home with a CD?
Submitted: 11 months ago.
Category: Real Estate Law
Expert:  Barrister replied 11 months ago.

Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.

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Yes, until there is a formalized signed written offer where both buyer and seller agree on a purchase price, then there is no legally binding contract. So if there is an offer made and then a counteroffer, then either party can just cancel the whole deal by notifying the other side that they are revoking any offer.

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thanks

Barrister

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