- Find a Real Estate Professional
- Alabama Realtors®
- Alabama Mortgage Lenders
- Alabama Home Improvement Pros
- Alabama Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- More
Replies (10)
- Fran Cisek, "Fran Cisek"
- Contributions:148
Until all parties have signed & initialed in all areas required, it is not an "executed contract".
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
For a contract to be valid, one needs an offer and acceptance. You did not receive an acceptance, so no contract exits between you & the Seller. Unfortunately, this does happen from time to time. You were in what the market calls a "multiple bid situation."
- Ashley Rubio, "AZRealtorAshleyRubio"
- Contributions:41
To be enforceable, a real estate contract must possess signatures and initials by the parties, in all required areas of the purchase contract.
- Christi A. Pinto, "Christi Pinto"
- Contributions:2
It hardly seems fair, but the seller is able to accept the cash offer, because all required signatures we not on the contract.
- Barry Sulpor, "barry sulpor"
- Contributions:67
All required initials and signatures must be completed for the contract to be enforceable.
- wetdawgs
- Contributions:26854
Sounds like everyone is in agreement. I guess this isn't good news for the OP.
- Derek Zasaretti, "Derek_Zasaretti"
- Contributions:343
The source of funds is not really important. At the end of the day the NET and closing time is most important. Your financing will have the same effect as cash. Just as long as your lender will close quick . What if the seller was offered "cash" , only to find out that the guy is trying to wholesale his property? This will take him/her 2 steps backwards because they have to find a buyer all over again. These are assumptions, please update your situation as it progresses.
- Derek Zasaretti, "Derek_Zasaretti"
- Contributions:343
The source of funds is not really important. At the end of the day the NET and closing time is most important. Your financing will have the same effect as cash. Just as long as your lender will close quick . What if the seller was offered "cash" , only to find out that the guy is trying to wholesale his property? This will take him/her 2 steps backwards because they have to find a buyer all over again. These are assumptions please update your situation as it progresses.
- Derek Zasaretti, "Derek_Zasaretti"
- Contributions:343
The source of funds is not really important. At the end of the day the NET and closing time is most important. Your financing will have the same effect as cash. Just as long as your lender will close quick . What if the seller was offered "cash" , only to find out that the guy is trying to wholesale his property? This will take him/her 2 steps backwards because they have to find a buyer all over again. These are assumptions please update your situation as it progresses.
- Bob Brandt, "BobBrandtRealtor"
- Contributions:1019
The signed contract also has to be delivered to you to have acceptance.
is a contract legit if one signiture is missing?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.