Monday, September 19, 2005

Seller can reject a full-price offer

Charlotte Observer | 09/10/2005 | Seller can reject a full-price offer: "Suppose a prospective home buyer makes a full-price, all-cash purchase offer? Does the seller have to accept? I ask because a friend recently made such an offer and was told by the listing agent the seller wants more than the asking price. Is this legal?
Unfortunately for your friend, a home seller does not have to accept a full-price, all-cash, no-contingency purchase offer even at the full asking price specified in the local MLS (multiple listing service) listing."
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