Re: Withdrawing Counteroffer Before Time Expiration?

Re: Withdrawing Counteroffer Before Time Expiration?

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 Re: Withdrawing Counteroffer Before Time Expiration? Natalie Munro Reply Send to a Friend   Print
 
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Withdrawing Counteroffer Before Time Expiration? AvoidingSpam 08-21-2006
Offers and counteroffers (Ontario, Canada) have an 'irrevocable' date and
time and the signing is under seal. I expect that it is essentially the
same where you are. 'Irrevocable' means what it says - you cannot take it
back unless that date/time passes.

This should have been explained to you before you signed anything.

I am inclined to give your agent the benefit of the doubt. If other people
want to see your house, that's nice but unless they're prepared to make an
offer, it's all just fluff. You have a solid offer that you're
negotiating. Chances are that it's your best one.


"AvoidingSpam" (elle_navorski@earthlink.net) writes:
> I submitted a counteroffer to an offer on my house. The
> counteroffer states: "This counteroffer will expire if not
> accepted by the buyer by noon on Monday, August 21."
>
> Assuming I've not heard from the potential buyers, can I
> legally withdraw my counteroffer before noon on Monday?
>
> At this point I'm concerned my agent isn't working
> entirely in my interests and is simply trying to rush a sale
> along. She had a call on Friday from another agent wanting
> to see the house. She did not tell me about this until after
> I signed the counteroffer on Saturday. Granted, she didn't
> have to tell me, but the timing was odd, like she was trying
> to cover herself yet still move this sale along. In
> addition, still another party stopped by my house late
> Saturday, expressing interest in my house. There are a few
> other things that concern me re the pricing of my house and
> the research she did to guide me on setting the price.
>
>




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