Tuesday, February 25, 2014

We are selling our office condo in Florida. We are now 50/50 as to whether or not we want to sell. If someone comes in with a full offer, ca...

Question

We are selling our office condo in Florida. We are now 50/50 as to whether or not we want to sell. If someone comes in with a full offer, can we decline the offer and pay the fee to terminate the contract or do we have to sell for the asking price. It is not mentioned in the contract.



Answer

I assume you are talking about a listing agreement with a broker. You need to have whatever contract you are trying to interpret reviewed by an attorney. Your summation is not likely accurate. If you are concerned about the status it is worth investing a little money to get a legal opinion. Why did you list it if you did not actually agree on sale?



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