Selling a house can be stressful. There's so much to do: you have to check if market conditions are favorable, you have to make sure your house is in good repair and properly set, and then you have to hope that the right offer comes in quickly. Rejecting an offer after all this work may not be the most appealing option, but it is entirely legal as long as you do it for the right reasons.
Reasons to Refuse to Sell
In truth, there are many reasons to refuse an offer. An attorney or real estate agent will be able to explain the advantages and disadvantages of any offer, but a few valid reasons for rejection are:
Illegal Reasons to Refuse to Sell
Even though homeowners may reject an offer if they wish, doing so for the wrong reasons could lead to a lawsuit. The Fair Housing Act prohibits a seller from considering potential buyers' race, color, sex, familial status, or national origin when deciding whether to accept or refuse an offer. In other words, you cannot reject an offer just because the person who made it is black, or practices a religion that makes you uncomfortable.
Legally Refusing to Sell a Home to a Buyer: Additional Resources
When selling your home, you likely have many questions and concerns. And you want to do everything by the book. If you would like to do additional research after reading this article, please see the following links below to learn more. Remember, it is always best to consult with a local real estate attorney if you have questions about rejecting an offer.
Selling Your Home? Get a Free Real Estate Attorney Match
One of the first professionals you'll contact before selling your home is a real estate agent -- and for good reason. Agents understand the market, know how to prep your home for sale, and generally will help streamline the process. But sometimes you really need to speak with an attorney when buying and/or selling a home. Get started today with a free real estate attorney match.