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06.03.08, 17:55 PM General Topics
5 replies
Any NJ real estate moms on? I have a question about attny review and a higher offer that just came in. [ Reply | Watch | Flag ]
General Topics 06.03.08, 05:55 PM Flag
 

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Legally you can terminate first offer but it is unethical. make it your back up offer and reap good karma [ Reply | More
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General Topics 06.03.08, 06:04 PM Flag
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that's my question . . we're not sure we want to lose them at all. Can we say we have another offer and see if they will match or go above? [ Reply | More
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General Topics 06.03.08, 06:06 PM Flag
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or if we take the higher offer, are they just out? [ Reply | More
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General Topics 06.03.08, 06:07 PM Flag
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again, you can play it both ways. but this is a touchy market. Any ethical attorney will advise you to stick with the first offer and take the second as back up. You could mention the offer and tell them they need to complete their end in a timely manner. But that's my personal opinion. Legally you can abort atty review for any reason. [ Reply | More
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General Topics 06.03.08, 06:12 PM Flag
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That's the thing, we like the first couple but we also like that the 2nd offer is 10K above. The 2nd offer seems a bit risky which is why I'm leaning towards sticking with #1, but didn't know if we could try and press them into making a higher offer. Do people do that? [ Reply | More
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General Topics 06.03.08, 06:14 PM Flag
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