"Austinbob" in
my area if another buyer offers a higher price then other potential buyer(s) have the right to match the new higher offer. Not lock in at their (lower) price. See this happening a lot lately-a bidding war.
As to the original post:
NO. There are no remaining obligations on either side. You declined his offer. Case closed. Negotiations are over.
You are free to re-engage but that is a different discussion.
my area if another buyer offers a higher price then other potential buyer(s) have the right to match the new higher offer. Not lock in at their (lower) price. See this happening a lot lately-a bidding war.
As to the original post:
NO. There are no remaining obligations on either side. You declined his offer. Case closed. Negotiations are over.
You are free to re-engage but that is a different discussion.