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Updated over 7 years ago on . Most recent reply

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Rahul Bhatt
  • Fremont, CA
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Need help in california

Rahul Bhatt
  • Fremont, CA
Posted

I have a question about California contract how it works. 

I put an offer on the one commercial property. it is a dual representation(same agent for buyer and seller). the seller accepted the offer. I deposited the money for the escrow.  all good so far. 

Now the listing agent doesn't want to mark property under contract. He said he will not do that until I remove All contingency. Can he do that?

I am about to spend $2000 on the inspection and he is holding open house on the same day when I am planning to do an inspection. 

I am just not sure what should I do I am tied to the property doing everything in a good faith. now I kind of frustrated should I just wait and let them do the open house and don't do the inspection. 

Most Popular Reply

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
14,128
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22,059
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

It shouldn't matter to you that the listing agent continues to market the property.  You have it under contract.  Any offers they get now will be backup offers that are only relevant if your deal falls through.

It does seem inconvenient to be trying to do an inspection the same time he's doing an open house.

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