Long Beach, CA asked in Real Estate Law for California

Q: Can home seller raise the asking price after a full price offer has been made? No other offers have been made

Seller has not accepted or turned down our full price offer, but now wants to raise the asking price.

Related Topics:
2 Lawyer Answers

Mr. Robin Mashal

Answered
  • Los Angeles, CA
  • Licensed in California

A: Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.

So long as the seller is not bound by a sales contract, the seller may be able to change the asking price. The statute of frauds requires that a contract for the purchase and sale of real estate be in writing and signed by both the purchaser and the seller. Be sure to consult your own attorney to protect your legal rights.

Richard Samuel Price

Answered
  • Redlands, CA
  • Licensed in California

A: I assume that you first made an offer as the buyer to purchase the property. The seller can send you a counter offer with an increase in the price of the property. These are all negotiations but you can either agree or send a counter offer back to the seller.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.