Recent Answers to Agreement To Sell Real Estate Law Questions

Selling Agent told our Buyers Agent (i am buyer) that there was another buyer, that they would do highest & best / Best and Final offers by Sat NOON time. We provided our best and final offer by Sat at NOON. Sunday approx. 3PM the sellers agent told our buyers agent that the sellers have selected your buyers offer, it was due to removing the inspection contingency and being within 5K of the other bidder, we were very excited. We do not have a conter-signed PA real estate contract, we have an email note from the seller's agent representing the seller to our buyers agent indicating the the seller has accepted your buyers offer. My Question: the acceptance was in writing (email) and signed by sender of email - Sellers agent, specifically indicating they accepted our offer which was signed and in writing. Subsequently the sellers agent indicated when they did not sign our offer, that since they had not signed and had not signed the specific contract, that they were accepting a 2nd offer at a higher price. Any hope of wining based on the acceptance of our offer was first, it was in writing (email) and signed by sellers agent?

Angela H.

Answered Nov 7, 2023

The agent’s email will not be enough. You will need the agreement signed by the sellers, as they are the contracting party.

hello, i am looking to purchase a vacant city lot in savannah, georgia. it was taken by the city for taxes in 1968 and sold to the current buyers in 1986. seller will only give a quitclaim deed. once i purchase the lot what is the process and cost to get title insurance? regards paul

Meghan T.

Answered Mar 29, 2022

Paul, Please, please, please purchase the title insurance before purchasing the lot (if possible). This will protect you in the event of any title defects. It is normal for the owner of a lot to prefer to transfer the property via quitclaim deed, especially if the property was obtained via a tax sale. However, it may be extremely helpful to determine, in advance, if there are any title defects which need to be addressed. Are you under contract to sell the property? Please reach out to me if you have any questions. Thanks, Meghan K Thomas