In California What are the consequences of a seller rejecting an offer from a buyer

Asked by Rochroch, Los Angeles, CA Thu Jun 12, 2008

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4
Dorene Slavi…, Agent, Torrance, CA
Sun Jun 15, 2008
No not really. A Seller is free to accept or reject offers. If the offer is for full price and the seller rejects it, they might be liable for commission to the listing agent.
0 votes
Ray Calnan, , Los Angeles, CA
Thu Jun 12, 2008
An additional consequence may be to the agent listing your property. If you have an agreement that you will pay a commission to the listing agent if he/she brings you a full price offer and meets your other terms, then you may have to pay them the commission due.

In most cases the agent will not enforce this unless you are not acting in good faith when considering an offer.

You should ask your agent these questions. It is his/her job to explain these things to you and it is also helpful for him/her to know what your concerns are.

Good Luck,

Ray
Web Reference:  http://www.charityar.com
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Jeffrey White, Agent, Beverly HIlls, CA
Thu Jun 12, 2008
Yes, you need to counter if at all possible. In this market offers are what you work so hard for. If you can counter and start the ball back and fourth, then by all means don't lose the deal by an outright rejection.
0 votes
Debra Enos, Agent, Huntington Beach, CA
Thu Jun 12, 2008
You don't have to accept the offer. You can always submit a counter offer. Talk to your Realtor and ask if the offer is worth countering.
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