Nothing is binding until offer AND acceptance. So if a buyer makes an offer, he can withdraw it until seller signs and accepts it. What I think happened with Colekicker is that he (and some others) submitted offers, but seller's agent sat on them, waiting to see what other offers came in. At this point, there are 4 pending offers, none of which has been accepted by the seller, so the parties are free to keep negotiating. But once a buyer and the seller have both signed one offer, its binding on both. Subject to other language in the contract, which is usually to the effect that if the buyer backs out, seller gets to keep the earnest money only. But if seller backs out, buyer can enforce the deal.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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