What an unpleasant surprise it can be to lose a home to anotherbuyer just when you thought the negotiations with the sellers wereall firmed up. To avoid this aggravating situation, keep thefollowing rules in mind.
In most cases, the sellers aren't obligated to sell you theirhome until your purchase offer is signed by them and their signedacceptance is actually delivered back to you or to your agent. Untilthis occurs, the sellers are free to listen to other offers and toaccept one from another buyer if they want to.
Once the seller's acceptance has been delivered to you, or toyour agent, you have a binding contract. Then the sellers usuallycan't sell their home …
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