Ripon, CA asked in Real Estate Law for California

Q: Can seller raise price at any time after a bid is accepted and signed by both parties in California?

we have a bid in for 240 K contingency termite repairs to be completed can seller raise the price in any way after she has accepted the bid which she has done at this point?

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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.

Your question is not clear: did you enter a contract to purchase the property or to have termite repairs done on the property? If both parties have agreed to a contract at a fixed price, the price cannot be raised unless both parties so consent. Be sure to consult your own attorney to protect your legal rights.

Richard Samuel Price

Answered
  • Redlands, CA
  • Licensed in California

A: While the seller cannot unilaterally raise the purchase price, they could negotiate with the buyer for a modification of the purchase agreement.

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