Can I keep my home if I have already accepted an offer

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Can I keep my home if I have already accepted an offer

accepted offer
buyer keeps adding addendums to offer. fed up with more and more requests to be
added. Do no want to sell any longer.

Asked on October 9, 2017 under Real Estate Law, Wisconsin

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

If you have not yet signed the contract but are still negotiating, you can walk away: when the  other side proposes a modification to the offer, they are effectively withdrawing the existing offer and making a counter offer--you do not need to accept the new offer.
If you have a signed contract, you cannot walk away from it (you are bound by the contract) BUT you do *not* have to accept any more addendums or changes and can enforce the contract as it currently stands. Revising (e.g. adding addendums to) a signed contract requires the free, voluntary agreement of both parties, and you can refuse to agree.


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