When it comes to purchasing a house, timing is everything. You want to make sure you get your offer in before someone else swoops in and snatches it up. But what happens if the house is already sold subject to contract? Is it too late to make an offer?
According to Pipeine CRM, it is still possible to make an offer on a house that is sold subject to contract. While the seller may be legally bound to proceed with the current offer, there are circumstances where they may be willing to entertain other offers.
One such circumstance is if the buyer is unable to secure financing within the agreed-upon timeframe. In this case, the seller may be open to considering other offers. Another scenario is if the buyer’s circumstances change and they are no longer able to proceed with the purchase. Again, the seller may be willing to entertain other offers.
It’s important to note that the seller is under no obligation to entertain other offers and may choose to proceed with the current offer even if other offers are received. However, if you have your heart set on a house that is sold subject to contract, it may be worth reaching out to the seller and expressing your interest. You never know what their response may be.
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About the Author:
This article was written by John Smith, a real estate enthusiast and blogger. For more real estate tips and advice, visit John Smith Real Estate Blog.