Debbie Baum | REBNY Legal Question
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REBNY Legal Question

Purchaser Making Multiple Offers

Question I am a real estate salesperson representing a purchaser contemplating buying a condominium unit in New York City. The purchaser is concerned about the lack of inventory in the marketplace and would like to submit offers on multiple properties. Can a purchaser make offers…

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30 Jul 2015 Posted by Debbie Baum in REBNY Legal Question no comments

Contract Down Payments

Question I am a real estate agent representing a seller of a condominium. The purchaser of the condominium is in default under the contract of sale. Can the seller automatically keep the contract down payment? Answer It is a generally held misconception that the seller…

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12 Feb 2015 Posted by Debbie Baum in REBNY Legal Question no comments