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I am selling my house by owner but will pay a buyers agent.

Sent to Legal Experts September 11 2007 at 12:15 PM
   

I am selling my house by owner but will pay a buyers agent. I accepted an offer yesterday from someone with an agent. I was offered a better offer today. Can I back out of the first contract to accept the second?

 

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New Orleans, Louisiana

Customer (name blocked for privacy)
Status:  Closed   Value: $15
Answer
September 11 2007 at 12:21 PM (5 minutes and 29 seconds later)
         
ACCEPTEDCheck Mark
Unfortunately the answer is NO. Once you have accepted the first offer you have created a legally enforcible and binding contract giving the buyer the legal right to sue you to specifically perform under it's terms.

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