First come, first served in multiple offer scenario?
You have three offers on a listing. And even hough they’re of similar value, the seller has agreed to accept the third offer. The broker who represents the buyer whose offer arrived first is claiming your seller had an obligation to negotiate with his buyer because his offer was first. Is this true?
ANSWER: No. There is no Florida law that requires a seller to respond to any offer. Additionally, there is no Florida law that requires the seller to negotiate with each buyer in the order in which the offers are received.
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Chiumento Law, PLLC is one of the oldest law firms in Flagler and Volusia counties. The well-respected law firm is a full-service firm, with attorneys providing legal services to individuals, families, and businesses in Florida in a broad range of areas. Our practice areas include Elder Law, Bankruptcy Law, Family Law, Estate Planning, Business and Corporate Law, Real Estate law, Immigration Law, Criminal Law and Construction Law. The firm has offices in Palm Coast and Ormond Beach and handles both criminal and civil cases. At Chiumento Law, PLLC, we are proud of our long-term commitment to the Flagler and Volusia County community. Our lawyers are all active community members, and many have served in multiple positions in local government and community organizations.
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