Legal Question in Real Estate Law in New Hampshire

Purchase and sales now no good

I signed a purchase and sales agreement, contingent on the owner being approved for the home she was purchasing.

She signed a purchase and sales agreement and gave a deposit to the broker.

She was called later that day and told she lost the house because another purchase and sales had been signed earlier in the day.

Is this legal? Originally her appointment was at 8 am in the morning. The real estate agency changed it to noon. Had she kept the earlier appointment, she may have been the first to sign a purchase and sales agreement on the house.

Is there a law to protect her? I will be unable to buy her home if this is not corrected.

Thank you in advance.

Mary


Asked on 9/20/05, 8:56 pm

1 Answer from Attorneys
Alan Pransky Law Office of Alan J. Pransky

Re: Purchase and sales now no good

Your message does not give enough information to answer the question. A contract is formed if both parties accept the terms of the contract. In the case of real estate, the contract must be accepted in writing by both parties. Usually, we have an offer signed to purchase real estate and then we have a purchase and sale agreement signed. Usually, the offer creates a binding contract.

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Answered on 9/20/05, 9:25 pm


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