Legal Question in Real Estate Law in New York
New York - Long Island: first time home buyer, wanting to make an offer on a short sale. Broker wants me to sign a 'Sales agreement' that has a comment about being 'legally enforcable contract' before submitting the offer... Is this common practice? Spoke to the broker over the phone and he said it's not really a contract. A formal contract would be written once the offer would be accepted. Somewhat confusing and contradictory...
2 Answers from Attorneys
It is ok. If you wish further information please call me. I am very familiar with short sales. You should have an attorney. Call me tomorrow at 914 760 6059
Martin Posner
I would not do it. It sounds like the broker wants you to submit a binding offer...which instantly becomes a contract when the seller says "yes." Make sure the offer has attached to it a pro-buyer contract that is part of the offer...that way, if the seller accepts it you are protected.
The nroker sounds slimier than most to me.
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