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I am an executor of an estate with a property to be sold in Pennsylvania. Unfortunately I live in Va. and am unfamiliar with Pa. Real Estate Law.I expect considerable interest and possibly multiple offers for the property involved. What is Pa.law regarding multiple orders. Does a written offer have to be accepted or rejected before others can be considered or can all offers be considered simultaneously choosing the best for the estate. Thank You for you help and advise in this matter
Asked on February 8, 2018 under Real Estate Law, Pennsylvania
Answered 7 years ago | Contributor
All offers may be considered simultaneously and you can select the best one for the estate; you are not obligated to consider them sequentially (e.g. in the order in which they were presented) and accept or reject each one one at a time. Indeed, since your fiduciary duty as executor is to do the best for the estate and beneficiaries, you would be violating your duty to NOT consider all the offers before selecting the best.
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