Question: Precisely, when does a contract start to run? When does the clause time actually start? Assume an offer is going on via fax. The Seller is in a different city. The Buyer accepted the counter offer, acknowledged and signed confirmation of acceptance on the 2nd of November. The next evening, the seller signs the acknowledgement and sends the paperwork, which is given to the buyer on the 3rd of November. When does the clock start for the clauses period? Answer: The strong preference would be to use a clause which contains a clear ending date. That way, the ...
Contract Start Time
February 12, 2013
Can I Terminate for Seller's Remorse?
September 27, 2012
Question: We've accepted a registered offer on our home. We now have sellers’ remorse and would like to reject it before the home inspection. Can this be done? We have signed with a real estate firm. Answer: Your question is a little short on information. However, let me make some further assumptions: 1) the property is listed through the MLS system, 2) you signed the standard form MLS agreement, 3) the offer was indeed accepted, so that you have a binding agreement, 4) the buyer’s deposit has been paid in accordance with the terms of the ...