When buying or selling a home there is one thing that all parties should remember, and that is Time is of the Essence.
What does that mean exactly? Simply put, it means that if there is a response time on an offer or counter offer then by not responding within that time frame you are out of contract.
With today’s technology, the ability to fax/email and even digitally sign documents, not being able to obtain a signature is no longer an acceptable excuse as to why one party didn’t respond within the time frame.
Buyers might perceive the inability to get a signature from a seller as the seller not really being motivated to sell. Sellers on the other could perceive it as a buyer not as interested in making the transaction happen because they aren’t able to get a signed counter offer back.
Without signatures contracts aren’t valid.
So the next time you are working with a Realtor and trying to buy or sell, remember that it is important to handle the negotiations in a timely manner so that you can get to your goal.
