Legal Question in Real Estate Law in Massachusetts

Selling Property to settle estate

If I recieve an offer for the list price of the property. and i accept it .

after I accept the offer , another offer comes in for more then the listed price . do i still have an obligation to the original offer? or can i take the higher offer . up until the final day of sale ?


Asked on 4/29/03, 5:43 pm

1 Answer from Attorneys
Robert Trant Law Office of Robert R. Trant

Re: Selling Property to settle estate

If both parties have signed the offer then it is a binding contract and you will be obligated to sell to the original buyer. If you fail to sell, the buyer could file a lawsuit to compel you to perform under the terms of the offer or recover money damages for your failure to perform.

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Answered on 4/30/03, 9:43 am


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