If you have a fully executed purchase agreement with the seller that states escrow shall close 60 days after acceptance,and you have opened escrow the seller can not take another offer without cause and without canceling the escorw they are in with you.
Now that being said if you fail to perform, for example you are unable to get full loan approval, then the seller will have cause to cancel the agreement, but length of escrow alone is not cause to select another offer.
Best of Luck to You,
Kawain Payne, Realtor
If you have a fully executed purchase contract signed by both sides and have opened escrow (submitted your deposit into escrow) then you should be okay. Seller may choose to take back up offers just in case you cancel your purchase for any reason. Good luck.
Sara Mehrpouyan CDPE
Dre License #01712757
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If you have signed a purchase agreement, and your agent has presented your offer to the Seller, until your offer is signed by the Seller, the Seller can accept another offer. Once the Seller has signed and returned the offer to your agent, and then you accept any counter offers, if any, then he can only take back up offers which will be negotiated if you back out of the sale for any reason.
If I may be of assistance to you, please let me know.
All the best,
Kat Becker, Realtor
Prudential California Realty
You will have the easiest transaction if your agent keeps illustrating to the Seller that you are serious and moving forward as vigorously as possible. They want to have confidence that you will close on time and on agreed terms.
If you and the seller have both on terms and price and an escrow has been opened, then that is your property assuming you follow through on the contractual details. The seller can accept offers to be in back-up position, but if you're moving forward just fine, you should have no reason to worry about your position.
Are you working with an agent? If no, that's a mistake but if you are in escrow, too late to get a buyers agent now.