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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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June 26, 2003

When is an offer binding?

By TOM KELLY
The Real Estate Advisor

In residential real estate, an offer is not binding until the purchase-and-sale agreement is "signed all around" and actually delivered. Just ask Ron and Carmel Patrick.

The retired couple from Pierce County, looking forward to "buying down" to a smaller house, lost out on a home they long had coveted when a seller accepted another offer before the Patricks’ was delivered.


 
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