Legal Question in Real Estate Law in Florida

Short Sale

Seller counters Buyer who has a financing contingency for $950,000, One hour after countering above Buyer, a cash offer for $950,000 is presented to Seller and obviously Seller would rather deal with cash Buyer. Buyer's agent with financing gets wind of 2nd cash offer and quickly gets his Buyer to sign the counter and now feels that he has a solid deal. Is he right, or can the Seller revoke and deal with the cash Buyer?


Asked on 5/17/09, 10:08 am

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Short Sale

He is right. Try to keep 2nd deal as a backup should the financing bust.

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Answered on 5/17/09, 3:29 pm


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