Basically our situation is we are interested in two properties and we are waiting to hear back regarding one property if the owner is even interested in selling at this point.
If we put a written offer in on one property and it is accepted (but a contract is yet to be signed) are we able to back out of the written offer if the second property presents itself as a better opportunity? Or is the written offer binding?
If we put a written offer in on one property and it is accepted (but a contract is yet to be signed) are we able to back out of the written offer if the second property presents itself as a better opportunity? Or is the written offer binding?