CAN A SELLER REFUSE TO SELL TO A BUYER THAT HAS A LOW # OF TRANSACTIONS? (2024)

FAQs

CAN A SELLER REFUSE TO SELL TO A BUYER THAT HAS A LOW # OF TRANSACTIONS? ›

There are rules in place to penalize sellers who cancel transactions. And a buyer can get a strike on his account for failure to pay. But no rules exist that a seller must sell to anyone or everyone.

Rejecting a purchase offer on a home that's for sale is entirely legal as long as the seller refuses for the right reasons and with good intentions. Many reasons are legally acceptable, including offers below the asking price and concerns about the buyer's financial position.

Possible consequences of backing out

And in many cases, a home seller who reneges on a purchase contract can be sued for breach of contract. A judge could order the seller to sign over a deed and complete the sale anyway. “The buyer could sue for damages, but usually, they sue for the property,” Schorr says.

You can say whatever you want in your listings, but that would be unenforceable if a zero-fb member actually wins your auction. You would get a defect point for canceling the transaction.

The truth is, sellers don't have a legal obligation to respond to you. If they don't like your offer, they don't have to say anything.

Federal and state laws only allow business owners to refuse service for certain reasons. Therefore, if you are not violating the Civil Rights Act of 1964, the Americans with Disabilities Act, or similar federal or state laws, you may have a nondiscriminatory reason for declining service to certain customers or clients.

eBay sellers have control over who can bid on and buy their items. You can block individual buyers or set buyer requirements based on specific criteria. If you've had an issue with a buyer and don't want them to purchase or bid on your items, you can add them to your Blocked buyers list.

Discover What the Seller Wants

There is a reason why they won't budge on their asking price, and by determining their motivators, you can create a plan that appeals to their needs. Since there are so many factors that come into the selling of real estate, the only way to find out what the seller wants is to ask.

Can a seller back out of a contract? The answer is yes, but depending on the circ*mstances there could be serious legal and financial repercussions and they still might be ordered to transfer the property to the buyers.

A kick-out clause allows a seller to accept another offer unless the buyer drops their contingencies. Kick-out clauses are most often employed during a seller's market. Home buyers must determine whether they want to follow through with a contingency-free purchase -- and possibly put themselves at risk.

Can you stop buyers with 0 feedback on eBay? ›

Sellers can't block buyers with 0 feedback. There is no global block, but as happened to the OP, the seller can cancel their bid and then add them to the BBL.

Sellers cannot leave negative feedback for buyers. The way to report them is to cancel the transaction after 4 days of non-payment have passed, specifying that "buyer didn't pay". That will alert Ebay and it will be recorded on the buyer's record. All unpaid items are recorded on a buyer's account.

Ebay ultimately cannot force a seller to complete a transaction just like they cannot force a non-paying buyer to remit. There are rules in place to penalize sellers who cancel transactions. And a buyer can get a strike on his account for failure to pay. But no rules exist that a seller must sell to anyone or everyone.

A homeowner who wants to back out of a deal will need a legitimate legal or contractual reason to cancel a home sale. There are many reasons why a homeowner might change their mind about selling their home. Some property owners may want to backtrack for sentimental reasons.

A low offer may be upsetting to the sellers, but if you and your real estate agent present the offer along with an expression of your appreciation for the property, it's more likely to be accepted than a low offer accompanied by a half-complete contract or an insult about the property's condition.

Your offer came in lower than that of competing buyers. The seller has unrealistic ideas about what their home is worth. The seller might prefer buyers who meet specific financing requirements. The preferred closing time frames may not be aligned between the buyer and the seller.

Typically, when a seller rejects your offer they come back with a counteroffer to potentially negotiate a deal what works better for them. If your offer is rejected without counter, it might mean that your offer was too low to be considered by the seller.

If you were to sell a property and someone offers to pay the full amount you request, are you allowed to refuse them for personal reasons? You can refuse for any reason that isn't covered by discrimination laws in the US.

Check with your local small claims court for information about how to file your lawsuit. If all else fails, consider a lawsuit. You'll be able to sue for damages or any other type of relief the court awards, including legal fees. A lawyer can advise you about your options.