If you sign the paperwork to buy a house, can the realtor let someone with a better offer take the h

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If you sign the paperwork to buy a house, can the realtor let someone with a better offer take the house?

It's called a "bump" offer, but typically bumps are only allowed if they are written into the contract that bumps are possible.

If they didn't write that in, the seller has a legal contract with your relatives and can't just back out. You need to review their contract and make sure that your relatives have followed through with everything on time-- "months of waiting' seems REALLY odd. Typically you go back and forth for about a week and once you reach an agreemnet, you close within a month.

If you sign the paperwork to buy a house, can the realtor let someone with a better offer take the house?

No, I don't think that is legal, a signed contract, signed by the buyers and sellers, is a legal document. If I was your aunt I would see a lawer. Once the contract is signed it becomes legal. I would check out www.realtor.com, click on buyers in the left hand side of the screen. I wish your aunt the best of luck.

If you sign the paperwork to buy a house, can the realtor let someone with a better offer take the house?

If you made an offer and received an acceptance it would be illegal for the owner to sell the home to another person. A purchase agreement and joint escrow instructions is a bilateral contract that can only be dissolved by both parties. Of course, the owner could claim some form of breach on your part and attempt to cancel the deal but even in this case, some communication should be inorder. You may need to contact that agent's broker and/or ramp up to an attorney. Specially if you have a deposit in play. Moreover, if your family still wants the home, you could look into suing for 'specifc performance' in which a court of law could force the seller to proceed with the contract.

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If you sign the paperwork to buy a house, can the realtor let someone with a better offer take the h

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