A buyer and seller are negotiating via their agents. Buyer accepts seller's terms; seller accepts buyer's price. Seller is out of

Carol Murray Cei
Agent
Montgomery County, PA

state with no fax or email. Docs must be sent there. Is there a meeting of the minds? Does the Seller's agent have the right to continue to market the home as active with no contingencies?

Answers (6)
Judy May, Esqui...
Agent
Collegeville, PA

Hi Carol. As already stated, under Pennsylvania law it's clear that: a contract for the sale of real estate only exists in writing!

Good luck!:)

Warmly,
Judy

Judy May, Esquire, REALTOR
"A Refreshingly Different Real Estate Experience" http://www.JudysFineHomes.com
Judy.May@Century21.com

CENTURY 21 Alliance
2828 Audubon Village Dr
Audubon PA 19403
O: 610.666.0202 x. 226
C: 610.324.5240 (preferred)
F: 610.666.1942

Mon Oct 19 2009, 06:19
John (John B.)...
Broker
Wayne, PA

Hi Carol:

"Everything always in writting" - dates back to English common law.

The Seller needs to "execute" the agreement of sale, period.

Sun Oct 18 2009, 16:53
Debbie Rose
Agent
Livingston, NJ

I'd rush to the closest Fedex office or US Post Office, and overnight that paperwork as soon as possible!
Don't some Kinkos or similar places offer the ability to send and receive faxes?

Good luck!

Sun Oct 18 2009, 16:25
Jennifer Daywalt
Agent
Phoenixville, PA

Nothing is a sealed deal until all signatures are received. No verbal deals in Real Estate although it would be nice to be able to trust another agents word.

Jennifer Daywalt, Realtor
Re/Max Results Realty - Collegeville
Top Agent 2004 2005, 2006, 2007, 2008
Author of "Ask The Realtor" Column in The Saturday Edition of The Phoenix Newspaper
Licensed since 2001 in PA
610-489-7355 Main Office
610-999-7693 Direct Line
Sellinghomesjenn@aol.com

Sun Oct 18 2009, 15:38
Cheryl R. Suppl...
Agent
Schwenksville, PA

If the seller has signed the contract, call the seller's agent and ask them to put it in as pending. If this was only a verbal agreement, then yes, the seller's agent can continue marketing until he seller has signed and sent back the completed agreement and the seller's agent physically receives it. Signed, sealed, and delivered.

Sun Oct 18 2009, 14:58
Andrew Himes, C...
Agent
Montgomery County, PA
FIRST ANSWER

I would say that they have the right to continue marketing until everything is signed sealed and delivered. The buyer is not locked into anything even though they verbally agree and they can walk before the seller signs the contract. If I represented the seller i would not put the home under contract until I had the buyer locked in (in writing).

Andrew Himes, CRS, ABR, e-PRO
Prudential Fox & Roach Collegeville

Sun Oct 18 2009, 14:47

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