Asked in Real Estate Law for Wisconsin

Q: Seller accepted my offer and before we closed he received a higher secondary offer. Can he sell to secondary offer?

All contigencies were met and my loan is approved. Everything is done except the title transfer. Seller says because the contract allows him to take secondary offers he can sell to the secondary bidder.

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2 Lawyer Answers
William F Sulton Esq.
William F Sulton Esq.
Answered
  • Milwaukee, WI
  • Licensed in Wisconsin

A: One would need to review the offer to purchase to answer your question. Sometimes offers permit sellers to select the higher offer, sometimes not.

Vincent Gallo
Vincent Gallo
Answered

A: The terms of the contract will delineate your rights and obligations.

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