Legal Question in Real Estate Law in District of Columbia
Acceptance of an offer after deadline
My partner and I made a full price
offer on a house with a deadline
within 24hs after submitting it. The
''motivated'' seller signed the offer
and his agent faxed to our realtor
about 8 hours after the deadline. We
accepted the offer anyway. Two days
later, the seller's realtor said the
offer is not valid because of
submitting after deadline and they
had multiple escalating offers. We
feel cheated. We believed the realtor
was shopping around with our offer
and he strongly believes he can get
more for that house. We have a copy
of the contract with signatures from
the sellers. Our realtor's agency legal
dept is looking into that however
what rights do we have in a situation
like this? and if we decide to sue, is it
worth it? do we have a chance to
win the case? Thank you for your
advice and let me know if you need
more information. I look forward to
your response.
2 Answers from Attorneys
Re: Acceptance of an offer after deadline
No, not likely, and very little chance, (in my opinion, of course).
Re: Acceptance of an offer after deadline
If I read this correctly, you made an offer-requiring the acceptance within 24 hours. You received acceptance of your offer at the 32nd hour. Now, the seller seeks to back out, claiming it accepted too late? I think the seller may well be in breach and that you may have a case. Of course, I'd need to see the documents.
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