The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home


Subject:  Re: Landfill < 1 mile away? Date:  4/7/2013  7:42 PM
Author:  CCinOC Number:  125066 of 129341

foo1bar wrote: You need to spend $200, and have a RE lawyer from the area look at the contract you signed (you made an OFFER - that IS a contract.)

CC responded: Only an ACCEPTED offer, with all contingencies fulfilled or waived, is considered a bona fide contract. (Ignoring or otherwise doing nothing about a contingency is considered a waiver of that contingency.)

foo1bar then wrote: I strongly disagree. [...] An offer that has been accepted (obviously this one has been) is a contract.

I don't see where we disagee. I emphasized that one can make OFFERS all day long, but until said offer is ACCEPTED, it's merely an offer, not a contract. After all, many listings receive multiple OFFERS, none of which are a CONTRACT until one is ACCEPTED. I wasn't referring to the OP's situation, per se.

So much hand-waving to make someone (me) wrong. Tsk. Tsk.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us