Legal Question in Real Estate Law in Pennsylvania
Contingency of buyer selling property
Is it legal to request the seller to notify the buyer if another acceptable offer is received, thus allowing the buyer to remove the contingency within a pre-agreeable time frame?
1 Answer from Attorneys
Re: Contingency of buyer selling property
You asked about offer terms.
It is legal to make any reasonable request in an offer. The question is whether it was an enforceable contract. If you make a subsidiary agreement with the seller that the seller will contact you before accepting another offer then such an agreement would not be enforceable.
The best way to get a sale to go through is make an offer that is acceptable with or without contingency. A smart seller will always pit two motivated buyers against each other to get the maximum price for his/her real estate.
Regards,
Roger
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