What Can We Do If Our Offer Won't Be Reviewed For ... - Realtor.com

Q: How can we overcome our buyer?s Purchase Contract not being presented in a timely manner when the seller?s Realtor states the seller has told them that all offers will be reviewed at a future date (in this case 1 week from our contract date)?
?Anonymous, Honolulu, HI

A: Dear Honolulu, A lot of situations are more about how they are presented than actual fact. In any case a seller is principal of the property and can make instructions to agent for specific orders that are not ?typical? or ?usual.? As long as these instructions do not circumvent laws, such as discrimination, for example, they must be carried out. A savvy Realtor will proclaim any such situations in his/her MLS offering, so that agents are aware before they write and deliver their offers. In California during the ?hot? market 7 years ago, offers on most properties were not read for at least 4 days to give time for the sellers to have exposure. It is not illegal, just hard for buyers. AND sometimes it works for them, when some buyers get annoyed and walk!
Ginny Ollis is a Realtor? with Coldwell Banker Residential Brokerage ? San Diego Mission Hills in San Diego, CA.

A: I would assume that the agent is presenting the offers as received but there is no obligation on the seller to do anything with them in a timely manner unless the contract has a deadline for a response. If they are being held and not presented as you suggest I would talk to the agent but your next option would be to approach your realtors local board to pursue an ethics investigation. Some agents do this with a sellers direction to produce competing bids on a lower than market asking price when the seller has no intent to sell at the advertised price. All states are different as are all contracts. good luck
Jim Mellen is a Realtor? with Re/Max Peninsula in Williamsburg, VA.

A: If it is the type of market where they are expecting many offers-the seller can take the chance of losing you as a buyer to ?see? if any other offers do come in and at what price. They might think that a bidding war may take place if they wait or that they will get a chance to ask for a highest and best offer. As I see it, you have two choices?.wait for the seller to review all offers ?.or move on by withdrawing your offer.
Lana Lavenbarg is a Realtor? with RE/MAX Ideal Brokers, Inc. in Grants Pass, OR.

Are you interested in having a qualified REALTOR answer your questions? Click through to Ask a REALTOR? now.

Are you a REALTOR who would like to answer consumer questions? Click through to become an Ask a REALTOR? participant.

Related posts:

1. What Are The Rules About Responding To An Offer?
2. I?m Buying A Home And The Termite Contingency Has Passed Without The Seller Responding, Is This Deal Dead?
3. Does A Realtor Have To Take A Back-Up Offer On A Short Sale?
4. Does The Realtor Have To Present Any Written Offer?
5. Why Isn?t The Realtor Responding To Our Offers?

jimmie johnson juan pablo montoya crash chardon high school shooting mark martin cleveland news daytona race the cutting edge