Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Orlando Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago, 01/10/2017

User Stats

978
Posts
39
Votes
Foster Algier
  • Investor
  • Orlando, FL
39
Votes |
978
Posts

Some useful information to know

Foster Algier
  • Investor
  • Orlando, FL
Posted
Can a seller withdraw a counter offer?

Jan. 2, 2017 —A seller has received an offer for her home and after consideration makes a verbal counter offer through her Realtor. The potential buyers verbally accept, but the seller then gets cold feet and withdraws the counter offer. Is the seller's move legal?

Answer: Yes.

Assuming the parties have nothing in writing, the seller is likely able to do this based on a legal concept called The Statute of Frauds. Under the Statute of Frauds, certain types of contracts must be in writing in order for them to be enforceable. One of the types of contracts under this rule is the contract for the sale of real property. Therefore, if the parties only have a verbal agreement, it is likely an unenforceable contract as it wasn't memorialized in writing.

© 2017 Florida Realtor®

Loading replies...