There’s No Time Limit to Sign Back an Offer
By Zachary Soccio-Marandola · · View online →
The Legal Newsletter for Ontario REALTORS®
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A signback is just a counter offer — and a counter offer is legally a new offer. The irrevocable only matters if you’re accepting, not negotiating.
I had a conversation with a Realtor this week that went like this:
Realtor: “We need to get this signed back to the buyers before the irrevocable time!”
Me: Why?
Agent: “What do you mean why? If we miss the irrevocable, the deal’s dead.”
Me: “Is your client planning to accept the offer as-is?