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legalgems, Arbitrator
Category: Real Estate Law
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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?
Submitted: 4 months ago.
Category: Real Estate Law
Expert:  legalgems replied 4 months ago.

An offer is valid until it expires. If there is no expiration date, then it is no longer valid once it is rejected by the other party (ie the counter offer would constitute a rejection). The person making the offer can also retract it prior to its acceptance.

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Information provided is for educational purposes only. Consultation with a personal attorney is always recommended so your particular facts may be considered. Thank you and take care.

Expert:  legalgems replied 4 months ago.

Checking in on the above.

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