Buyer Clauses - Another offer etc.

BUYER HAS OFFER ON ANOTHER PROPERTY.

 Seller is aware that Buyer has made an offer on another property and the acceptance of this offer by Seller is subject to the cancellation by all parties of the prior offer within seventy-two (72) hours of Seller's acceptance. If the offer is not cancelled, this offer will be deemed null and void, and all deposits will be returned to Buyer less all escrow costs chargeable to Buyer. If the prior offer is cancelled, this offer will remain in full force and effect.

SIMULTANEOUS OFFERS BY BUYER.

 Seller understands that Buyer has made an outstanding offer on another property which is pending. If Seller decides to accept this contract, Seller agrees that within twenty-four (24) hours from the time Buyer receives a copy of the accepted offer, Buyer may either revoke any other pending offers which Buyer currently has made or may cancel this contract. If Buyer decides to cancel this contract, Buyer shall give Seller written notice by hand delivery or fax of Buyer's decision to cancel within twenty-four (24) hours, and Buyer shall be entitled to a refund of all deposits made in conjunction with this contract. Therefore, this contract will be void and neither Seller nor Buyer shall have any further responsibilities or obligations to each other under this contract.