No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Got preapproval last week and saw the house on Friday and made the offer on Friday.
Open house was today (sunday) and we walked in out of coursity to see the turn out because we really want the house. The lady hosting the open house said there has been no offers yet. both seller and buyer agent who was hosting open house work for the same firm. they probably wanted us to use them so the team can collect the entier comish. Is this a common practice that they push off other offers from competing real estate agencies? it's a sellers market in my area. the seller agent
Is this unethical or normal in real estate? the seller agent has not reach out to us(has been unresponsive and never answered calls or emails) on the offer we made (from what our agent said). likely they held it hostage to make the client wait for more offers after the open house.
What is the limitation on offers and bids and expectations in this new game to me?
I certainly smell a foul play or maybe just being cautions since this is one of the biggest investments in my life.
What do you guys think? we really love the house and the tough part is our friend is our agent. the lady hosting the open house was very welcoming and about us until we told her we are working with another agent and she walked away.
Thanks
Was the person hosting the open house the listing agent or their assistant?
Definateoy review your contract for the expiration date.
When did you sign and submit the contract? If it was late in the day, it is possible it may not expire till Wednesday. They could have decided to still have the open house to see if any additional offers comes in to either compare and/or start a bidding war.
Hi OP,
1. Since your offer has not been accepted, I recommend withdrawing it. It appears your offer is being shopped around for a better offer.
2. When you put in your next offer(s), always put a timeline for a response. Example: "This offer is good for 24 hours, 48 hours, etc.")
3. Since your offer wasn't accepted immediately, I am thinking it was not a great offer, especially in a seller's market. I just went to closing on a condo late March after looking at homes for 3 months. Because it is a seller's market, and I knew without a doubt it was the place I wanted, I went in full price, did not ask for any seller's assistance, asked for a home inspection only, and had no contingencies except for the normal (appraisal, loan approval). My offer was submitted at 3:30pm and accepted at 9:00 p.m. and the Seller was on business out of town.
4. What was the list price and what was your offer?
4. I do have a problem with the listing/buying agents at the open house stating that there were no offers, when you indeed submitted an offer. That is unethical.
5. I do think you may need to think twice about using your friend as an agent. He/she doesn't seem to be assertive enough to find out what is going on with your offer.
GL2U.
My cousin is a Realtor but refuse to use friends and family. I don't want to end in a bad relationship if a problem comes up during the process of getting a home.
Wonder if this is the same house or a whole new house?