In the event that the seller decides not to accept a canceled offer, what happens to the buyer's rights?

When a buyer decides to cancel an offer, the typical result is that the original offer becomes void. This means that the seller has no further obligations with respect to that offer, and it cannot be accepted after cancellation. This principle is grounded in contract law, where a party's withdrawal of an invitation to enter into a contract effectively nullifies the proposed terms.

In the context of this scenario, once the buyer communicates the cancellation, their rights to that offer cease to exist. The seller cannot choose to accept a canceled offer since it no longer holds legal standing. Thus, saying the original offer is considered void accurately reflects the situation—there’s no longer an enforceable agreement for the seller to consider.

It's important for buyers and sellers to understand this legal stance, as it influences how they communicate intentions and decisions regarding real estate negotiations.