The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home


Subject:  Re: Landfill < 1 mile away? Date:  4/7/2013  9:31 PM
Author:  foo1bar Number:  125067 of 129306

I don't see where we disagee.

Ok - let me bold it for you:

CCoy: Only an ACCEPTED offer, with all contingencies fulfilled or waived, is considered a bona fide contract
As soon as both parties sign the offer agreeing to it, it's a contract.
There can be 20 different contingencies that allow one or the other party to exit the contract - but it's still a valid contract.

I wasn't referring to the OP's situation, per se.
I thought it was quite clear that *I* was.

So - just to clarify for the OP - you DO have a contract - even CC agrees that it is a contract.
So talking to a lawyer is probably a good idea.

After all, many listings receive multiple OFFERS, none of which are a CONTRACT until one is ACCEPTED.
But all of them are potential contracts.
And as soon as someone signs it, accepting it (which was done in this case), it's a valid contract.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us