Profile picture for user47771863

can I cancel on an offer?

  • September 14 2013 - Petoskey
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Answers (6)

Profile picture for howardft
Yes, you can cancel or withdraw your offer as long as it's before the seller accepts it. In most cases you will give the seller a period of time to accept your offer. If the seller doesn't accept the offer within the given period of time, the offer becomes voidable. 
  • September 17 2013
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Yes you can withdraw your offer- its just an offer- but when it changes from offer to executed contract is when all parties agree to the term and have signed off on the contract  and the contract is now  executed.

In Texas we have a clause in the contract that is called the 'option period' which gives the buyer exclusive right to cancel within x amount of days under a executed contract.

Best wishes
  • September 16 2013
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If the seller has not signed and accepted  your offer you can withdraw it with written notice to the agent.
  • September 14 2013
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Profile picture for The LaPeer Team
If you have a contract and not an offer, do you have an option period? If so, are you still in it. Consult with your agent.
  • September 14 2013
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Profile picture for ABBAUSA
An Offer is just that, AN OFFER. Have whoever is representing you withdraw first by email and then by contract forms used by your state.

As Tim said if the offer has been accepted it is no longer an offer but a contract.

Hopeful a REALTOR is representing you and your interest.

Good Luck!

James Callas Broker REALTOR
  • September 14 2013
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Profile picture for Outer Banks N C
As long as it is still an offer and has not become a contract, yes you can withdraw it but do it in writing.

Once all signatures and initials are done and both parties are told, it becomes a binding contract and it is more difficult to withdraw it.


tim
  • September 14 2013
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