With sales activity increasing and multiple offers on some homes, having all documents signed properly is critical.
Until you both sign the contract it is NOT accepted by anyone. If there is no signed contract, both parties are free to work with others. You could "accept" in your words, but until you sign the documents, it means nothing. Once all documents are signed, then you must follow the contract and work with those parties on the document.
Seek help from your Realtor's Broker for the final word or get advice from an attorney.
Bernstein Realty, Inc.
Any offer or counter has a time limit associated with the contract
and for response time.
If there is no signatures then you do not have a legal counter.
Are you working with a Realtor or doing this on your own.
If the paperwork, generated did not have a Date to Execute by, and it is out
there, you are on the hook to honor it.
You cannot rescind your counter offer that does not have a Response Time, without sending the buyer a Notice to Perform.
Sadly, you may want to check with your lawyer or a Real Estate Attorney.
You shouldn't have this potential nightmare - direct questions to email@example.com