Legal Question in Real Estate Law in California

Re: Real Estate Consideration

Yes, he can take backup offers. However, he cannot bump the first buyer just because he gets a better offer later. If the first buyer's offer is contingent upon the sale of their home, you may have a 72 hour clause that requires the buyer to remove that contingency.

Re: Real Estate Consideration

Yes, but the subsequent offers cannot be accepted by the seller; they can only be received as back-up offers subject to acceptance should the prior offeror back out based upon a contingency not being met or some other reason why the prior deal comes unglued. Persons being solicited to make back-up offers are entitled to be made aware of all the circumstances.

Re: Real Estate Consideration

You didn't say whether the seller accepted your offer in writing or who received the money. If there is no signed acceptance of your offer, you may not have a contract. Show the documents to a real estate lawyer.