If Lilith has signed a purchase contract with Kirsten, what can she do if she receives another offer from Jorge a week before closing?

In real estate transactions, once a seller like Lilith has entered into a binding purchase contract with a buyer such as Kirsten, that contract generally creates legal obligations for her to sell the property to Kirsten under the established terms. However, if Lilith receives another offer from Jorge just before closing, accepting it can be complex.

If Lilith wants to explore this new opportunity without breaking her obligations to Kirsten, she may consider accepting Jorge's offer as a backup. In this context, a backup offer does not interfere with the existing contract with Kirsten unless the contract allows her to do so. It essentially means Lilith can prepare to move forward with Jorge if the transaction with Kirsten falls through, such as if Kirsten fails to meet the closing date or otherwise breaches the contract.

This approach allows Lilith to keep her options open while still adhering to her current contractual obligations. Should the scenario arise where the original agreement does not finalize, she could then proceed with Jorge's offer.