As you probably already know, even if you have a "verbal" offer to purchase in place, the only legal Real Estate Contracts in Kentucky are those that are written. In terms of the seller removing their house from the market: that usually is a decision made between the broker and owner. To my knowledge, the only parameter in place that would govern the listingâ€™s timeframe is the contract between the broker and seller and whether or not the seller and broker have come to an agreement to end the contract prematurely.
If you need any further help in the Central Kentucky area, please let me know!
Rector Hayden Realtors Lexington Kentucky
I'm actually on the buyer side.
Was ready to put an offer on a house to then get told it was withdrawn from the market... Not too long after, it was put back on market at a higher price...
I was wondering if this was something that could be done or if there was anything in place to protect prospect buyers.
I guess it's all on the agreement with the listing agency?
Your first step is to read and review the listing agreement and then contact the listing agreement and/or the listing broker.
You may also want to consult a real estate attorney to discuss your options.