Q: Who would review offers when it states in the description of the property that all offers will be reviewed on Feb 29th?
I am wanting to make an offer on a piece of property. I feel the agent that has it listed is only going through the motions. He has told the person helping me that waiting to see the house in ludicrious. He is the one that has it listed. He doesn't have the keys says that the property is being sold as is and the seller, who is a large petroleum company, doesn't think the house is worth anything. My family has bought property and fixed it up for years. I am sure he wants to buy it and will tear down the structures and subdivide. Please advise.
A: The seller is the party that reviews, so presumably this is the petroleum company. I can think of two reasons why the broker is acting disinterested. One, the land is undermined and the home may not be habitable. Two, with the decline in oil prices the company is cash strapped. In either case, proceed with caution and make sure that the land is free from encumbrances.
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.
