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Is a Seller Ever Required to Accept an Offer?

Wednesday, August 11, 2021   /   by Mitch Stein

Is a Seller Ever Required to Accept an Offer?

Is a Seller Ever Required to Accept an Offer? 

A seller is generally under no obligation to accept an offer from a buyer. That said, the seller might owe commission if they refuse a full price offer without any contingencies since most listing agreements state the commission in earned once the broker has produced a ready, willing, and able buyer that has agreed to the price and terms set forth in the listing agreement. 

Sellers can reject offers for a variety of reasons. For example, if the offer is less than the asking price, if the offer is subject to financing but the buyer does not have a pre-approval letter from a lender, or if the offer includes unacceptable contingencies. Sellers can reject an offer as long as they don't violate any laws. 

Your realtor will review every offer with you in depth, pointing out the pros and cons, and helping you to decide whether to accept, reject, or counter the offer.

If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163

Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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