ANSWERS: 2
  • My understanding is that, in general, a real estate seller is not compelled to accept any particular offer from a buyer. The seller can pick the offer that he/she believes to be the best situation. http://www.houseclicks.com/buying/offers.html Now, if the seller accepted your offer and signed something on paper to that effect, then you have a legal contract and the seller cannot turn around and sell to the higher bidder.
  • Legal, unless the seller accepted your offer first.

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