Can a seller accept another offer while under contract? Check us out at nicolespellmangroup.com

Nicole Spellman Group Powered by Epique Realty
Nicole Spellman Group Powered by Epique Realty
Published on July 28, 2023

Once a seller has accepted an offer and entered into a contract with a buyer, they cannot simply accept another offer from a different buyer. There are a few exceptions or conditions where a seller might be able to accept another offer:

🔸 Contingencies: If specified contract conditions aren’t met, the deal may be voided, allowing the seller to accept another offer.

🔸 Backup Offers: Sellers can accept backup offers that take effect if the primary deal fails.

🔸 Right of First Refusal (ROFR): In certain cases, a pre-designated party gets the chance to buy before other offers can be accepted.

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Check us out at: nicolespellmangroup.com

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