What is the name of your state? Illinois
We have a property listed and the contract expires shortly. We (not the realtor) showed the house but advised of the contract expiration date. The protection clause is 90 days. Are we obligated to the realtor if the interested party makes an offer after the contract expires? We did advise buyer what we would take as a price but no firm agreement.
By the way, interested buyers are a Hurricane Katrina displaced family we met in church and they wanted to look at house immediately. In hindsight not sure if it was the right thing to do legally.
Your thoughts???
Please, no response from realtors.
We have a property listed and the contract expires shortly. We (not the realtor) showed the house but advised of the contract expiration date. The protection clause is 90 days. Are we obligated to the realtor if the interested party makes an offer after the contract expires? We did advise buyer what we would take as a price but no firm agreement.
By the way, interested buyers are a Hurricane Katrina displaced family we met in church and they wanted to look at house immediately. In hindsight not sure if it was the right thing to do legally.
Your thoughts???
Please, no response from realtors.