Yes - you are never legally bound to accept any offer in New York until a contract is fully executed. If no bid meets your walk-away number, you can reject all submissions and continue marketing. However, be realistic: if multiple informed buyers all bid below your expectations, the market is telling you something about your pricing. Use the bid data as intelligence to recalibrate, not just as a reason to hold out longer.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Multi-Offer Negotiation Strategy
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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