“Since a buyer has 17 days to inspect a home and cancel, a friend told me when you sell you can accept two offers on your home and you have 17 days to cancel either one. That way it’s fair. So if one buyer cancels or asks for a lot of repairs, you still have the other buyer…”
Answer:
Sorry, but practically speaking, your friend is wrong.
You theoretically could draw up a contract giving you such a right. But even a semi-competent agent would advise their client against it, and no intelligent homebuyer would sign it.
It’s generally accepted that homebuyers should have a 7-17 day contingency period to inspect because they should be able to find out the condition of a home they’re potentially buying.
But your friend’s proposal would generally have an ice cube’s chance on a sunny San Diego day of being accepted.
