Asked by Monika, New York, NY • Sat May 25, 2013
Need advice!!! I put an offer in on a home verbally and seller accepted verbally. I then went in to the real estate agents office, signed official offer aka "binder". It had been scanned and emailed to seller. Buyer and seller are using a dual agent. Seller signed the binder and returned it to the agent. A few days later a second buyer had presented himself. His agent had written an offer directly to the seller via email. Seller accepted the higher offer without letting real estate company aware that she had been negotiating outside of her contract with her listing agent. I'm being told that our signatures on the binder are not legally binding until we go into contract, so the seller has the right to create a new binder with the 2nd buyer. Something sounds wrong about what's happened! Can this seller be sued for doing an "underhanded deal" without notifying realtor and me (the 1st buyer)?????
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