In Sarasota real estate today, we are seeing multiple offers and backup offers to purchase homes. Sellers can make costly mistakes when there are multiple offers...so Realtors and Sellers should exercise caution. In Florida, there is no contract until it is signed and delivered to all parties. A Seller with multiple offers should not make counteroffers on more than one contract at a time. Realtor should let their Sellers know about all offers, even after a contract has been executed. Why? Seller may receive a higher offer and there may be an opportunity to terminate and move on to the higher offer. This blog is intended as a "recap" of the information that I gleaned in the January 16, 2015 round-table discussion at the Board of Realtors. In no way does it reflect the details that Attorney Greenberg discussed on these issues. For more information about real estate in Sarasota, Siesta Key, and Palmer Ranch, contact Linda Holley, Realtor, Michael Saunders and Company, 8660 South Tamiami Trail, Sarasota, Florida, 34238 Phone 941-914-4914 PalmerRanchLindaHolley.com
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