There are a few misconceptions when it comes to short sales and whether or not a Wellington short sale seller or their bank has to sign a buyer’s offer.
First, a short sale is an agreement between the short sale seller and the buyer, NOT the short sale seller’s bank(s). Even though the seller needs short sale approval from their bank they are not a party to the contract, the short sale seller is still the owner of record on the deed, not their bank.
Second, in order for an offer to be enforceable both the short sale seller and buyer needs to sign the offer, if they come to terms. If the short sale listing agent tells you otherwise you might want to reconsider pursuing that particular short sale.
So the answer is YES the seller of a Wellington FL short sale has to sign an offer, if all parties agree on the terms.
If you are a interested in buying or selling your home as a short sale make sure to hire an experienced Wellington short sale agent.
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The offer is not valid unless you have signatures! Great post Michelle!
Renee Burrows recently posted..Sugar Coating a Buyer – Buying Las Vegas Real Estate is NOT All Sunshine & Roses!
Thank you Michelle! And you are correct, the offer is not valid unless the seller signs the offer.
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