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Updated over 5 years ago,
Seller backed out after accepting deal to accept another offer
Hey everyone,
I recently had a situation happen that I’m unsure of how and where it went wrong. If you could shed some light on it I’d appreciate it.
I made an offer of 90k on a house listed for 119k. Sellers countered with 115k, I then countered with 100k as my firm offer. The sellers initially countered with 105k, which I didn’t respond to the counter for like 6 hours. My realtor then texted me the following message.
“From listing agent. Will let you know what I hear tomorrow...
I will let lawyer know tomorrow mornin, I will get back with you then, I called the beneficiaries, both sons, they agreed to 100000 as is , if inspector sees evidence of insects seller will pay for inspection. lawyer will call probate judge to see if he will sign off of in the mornin”
The following day we didn’t hear from them until my realtor called me and told me they accepted another offer.. now it’s contingent.
Where did it go wrong? Was there nothing binding them to my offer after they accepted it?
Thanks