The home is already under contract, you can't buy it
Warning, sarcasm ahead. Mr. BigShot called me yesterday afternoon about a listing. He is a real estate agent from another state and was angry that a home he was inquiring about was already under contract.
The first problem of course was trying to explain that the Charleston MLS requires homes that are under contract but contingent continue to be shown as available when people are searching for homes for sale. That may not be the way that Mr. BigShot's MLS works but it happens to be the rules here in the Charleston real estate market. And that didn't sit well with him.
But it gets worse. He wanted to know if he could put a full price offer on the home (even though he hasn't seen the home, for some reason, he thinks he wants it but then again, people tend to want what they can't have).
So after I explain that regardless of what price offer he wants to make, it would have to be a backup contract (non-primary) and would not necessarily entitle him to buy the home regardless of the already agreed on price between the seller and buyer who have a contract unless that contract fails to close.
Well, that answer caused him to hang up the phone on me obviously in disgust.
I don't practice law and I certainly hope Mr. BigShot doesn't either but my question to Mr. BigShot is what part of the word contract do you not understand and don't contracts mean anything where you currently practice real estate.
Please!
Photo courtesy of flickr by NobMouse