Most buyers and sellers in San Francisco are not aware that when they make an offer or counter-offer to purchase real property the information they provide is not confidential.
Unless the buyer and seller enter into a special confidentiality agreement, the exsistence, terms and conditions of the buyer’s offer or seller’s counter-offer are not confidential.
When a buyer makes an offer to purchase real property there is a possibility that the seller or seller’s representatives may not treat the existence, terms or conditions of the offer as confidential unless confidentiality is required by law, regulation, or by any confidentiality agreement between the parties. Likewise for a seller making a counter-offer there is a possibility that the buyer or buyer’s representatives may not treat the existence, terms or conditions of the counter-offer as confidential unless confidentiality is required by law, regulation or by any confidentiality agreement between the parties.
Source: General Information for Buyers and Sellers of Residential Real Property in the City and County of San Francisco
Michael Novia
South Beach Real Estate
415-637-2409 (24 hours)
Filed under: Buyer Info
