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How do you define "offered for sale"?

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PE, they did not offer to sell it, they agreed to sell it. To offer is proactive. I'm really surprised that there is such an argument over this. Read the definition of offer, think about the usefulness of reporting a property as offered for sale when the seller has made no attempt to sell. What's important about discussing if a property has been offered is to determine if the contract price is market tested. If it has not been marketed, the answer is no.
 
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Paul Isolda said:
PE, they did not offer to sell it, they agreed to sell it. To offer is proactive. I'm really surprised that there is such an argument over this. Read the definition of offer, think about the usefulness of reporting a property as offered for sale when the seller has made no attempt to sell. What's important about discussing if a property has been offered is to determine if the contract price is market tested. If it has not been marketed, the answer is no.
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Paul .. you are making this way too complicated. All contracts require and offer and an acceptance. You have an contract, you have an offer and you have an acceptance. If the buyer offered to buy and the seller agreed to sell ... the property was offered ... to atleast that person who bought.
You are confusing offering with listing .. it was not listed for sale. It was not exposed to the market .. you are correct. But there was an offer and an acceptance.

I concur with the underwriter .. the Offer box should be checked yes and the circumstances explained.
 
Once again, I totally disagree. I think your view is overly complicated. It is either for sale or not for sale prior to an OFFER to buy it. To offer requires an action, one not taken by the seller in this case. Their action was taken as the result of the offer they RECEIVED. I'm not confusing offering with listing because both require an action to be taken, not a reaction. An acceptance is not an offer to sell, it is the reaction to an offer to buy.
 
Look, this is a rare circumstance we are talking about. How many people sell a property without taking any action what so ever? Athome states in his posts that the seller has taken no action in order to sell. I just don't see how that can be construed as offering the property. Offering requires an action, period.
 
Paul Isolda said:
Look, this is a rare circumstance we are talking about. How many people sell a property without taking any action what so ever? Athome states in his posts that the seller has taken no action in order to sell. I just don't see how that can be construed as offering the property. Offering requires an action, period.
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Actually Athome states - "Property has not been listed on the MLS or any other verifiable data source." Have you contacted the seller to determine if they infact did not make an offer to sell to the neighbor?

Neighbor - Hey Bill, how's it going?
Seller - Good Andy. Just packing up some things.
Neighbor - Are you moving?
Seller - Yes, we are going to move after we sell the house. You wanna buy it?
Neighbor - Sure. How much?

Offer for Sale.........
 
Please read athome's posts #4 and #9.
 
Paul Isolda said:
Look, this is a rare circumstance we are talking about. How many people sell a property without taking any action what so ever? Athome states in his posts that the seller has taken no action in order to sell. I just don't see how that can be construed as offering the property. Offering requires an action, period.
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So you are saying discussing the sale, agreeing to consider the contract and signing the contract are not actions? No matter how fast a transaction occurs, there is always a period of time where the seller, through actions if not words, says the property is available for sale. The only way for a contract to exist without the seller offering it for sale would be if the seller blindly signed the contract without knowing what it was. The act of considering an offer to purchase, is a declaration of offering the property for sale. The only question at that time was if the neighbors offer was good enough to take.
 
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