Communication Is Very Important

Each Buyer should discuss the offer and negotiation process with their Aroostook Real Estate Broker during the initial counseling process and before any offer is presented. This will ensure that the Buyer understands the process, the possibility of competing offers, and what the Seller’s options are.

Broker Advises And Buyer Decides

All decisions about how offers will be presented, negotiated and ultimately accepted, are made by the Buyer and/or Seller, NOT the Aroostook Real Estate Broker. The Aroostook Real Estate Broker will communicate the offer, advise and keep their respective client informed of all activities. They will NOT make the decisions. The Buyer makes the decisions.

Offers In Writing

All offers and counter offers should be in writing to ensure that the terms, time frames and legal obligations of the parties are clearly understood and communicated without misunderstanding, withdrawals, counter offers and/or any changes to offers should be done in writing, signed and dated.

Confidentiality

The terms of all offers, counter offers, withdrawals and terminations may not be disclosed by the Aroostook Real Estate Broker without the prior consent of both the Buyer and Seller.

Existence Of Offers

The Seller decides whether the Seller and Broker is able to disclose that another competing offer has been received, contemplated, or is being negotiated. The Buyer’s Broker will disclose this information to the Buyer if it is received. The Buyer is NOT entitled to this information without express permission from the Seller.

Full Price Offers

The Seller is NOT obligated to sell the property even if the Buyer makes a full price, contingency-free offer.

Priority Of Offers

The first or highest offer made does not bind or otherwise limit the Seller to act upon that offer before considering other offers. There is no priority of offers. The Seller makes all decisions.

Brokers And Attorneys

Brokers are NOT Attorneys!  Brokers advise Buyers and Sellers to seek legal counsel from Attorneys regarding any question about the legal status of an offer, counter offer or contract.