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Is it LEGAL for a home Seller to accept an offer the 1st day
Is it legal for a Seller accept an offer without even responding to any other offers submitted? That was a question by a Manchester NH area Home Buyer whose offer was not accepted.  What the Buyer did not realize, is there is no law that a home owner has to respond to all offers before accepting one. The law does state the listing agent has to submit all offer to the seller, but there is no law on which offer or in what order they can accept one.
 
In most cases if multiple offers, a seller will then ask for every buyer to put in their highest and best offer. However they are not required, it does happen that one of the offers is perfect. The owner can than choose to accept what they want after going over the pros and cons of all of them. Highest price is not always the best if an offer is loaded with contingencies.
 
The key for Home buyers is to ask if there is any offers already submitted. They can then revise their offer and make their highest and best offer now without being asked.
 
The key for home sellers is to have already discussed what is and what is not acceptable. ... more

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