Quote:
Originally Posted by Turnerburn
We made an offer on a place which was being sold as a foreclosure. We made our offer (full price) last Friday and at that time our offer was the only offer listed. Our realtor has been trying since Tuesday to get in contact with the seller and seller agent to try and see the status of our offer.
Finally, today he heard from the sellers agent that they went with a lower cash offer (we would have to finance.) The house is still listed as active in MLS, with our offer being the only one listed and as of yet our agent hasn't heard back from the seller or their agent about a counter offer on our part.
Are they able to do this? I almost feel like they are trying to get more money out of us. We really like this house, and would be willing to offer more, but we almost feel like something isn't right with this deal.
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Often on our MLS, the property will stay active with a bold note similar to:
"Offer under Verbal acceptance, waiting on out of state signatures."
I.e., the paperwork is trying to find the right person to sign off at the asset manager to be returned. It can stay like that for weeks. Some listing agents never take the note off before closing.
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