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Old 10-27-2012, 06:25 PM
 
115 posts, read 119,894 times
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Default Homepath Multiple Offer Round

Anyone know rules for a Homepath Multiple Offer Round? Their web page says all parties will be notified of the offer round. However listing agent says "they don't always inform the agents that there is a multiple offer situation". So I can't even get them to give me info on when the offer round ends. Is this a valid way to do it? When my offer was submitted, we got a response "offer accepted" with no notice of multiple offers.
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Old 10-28-2012, 10:24 AM
 
3,036 posts, read 1,981,210 times
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If they accepted your offer I don't know why you would be concerned about knowing the multiple offer process. It sounds like the negotiating is over and you go from there. Is there something I'm not getting here?
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Old 10-28-2012, 11:05 AM
 
115 posts, read 119,894 times
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Quote:
Originally Posted by Zyngawf View Post
If they accepted your offer I don't know why you would be concerned about knowing the multiple offer process. It sounds like the negotiating is over and you go from there. Is there something I'm not getting here?
By accepted, I was meaning offer was successfully submitted into their computerized system. Bad wording by me. If there are multiple offers, the response from the computer would be something about multiple offers received.
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Old 10-28-2012, 11:12 AM
 
Location: Gilbert - Val Vista Lakes
6,066 posts, read 7,944,416 times
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They don't have to go through a multiple offer process. They can accept one of the offers they received and reject the rest.

They don't have to invite all the offerees to participate in another round of offers, or highest and best.

If there is an offer they don't like they can reject that and only ask certain others for a highest and best.
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Old 10-28-2012, 11:22 AM
 
2,666 posts, read 2,965,200 times
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Typically they take all the offers and pick one. Correct, they dont need to tell you of multiple offers. Just assume there is multiple offers when you place your bid. Especially if it was just listed. You will need to keep in touch with the listing agent to find out if the house sold or not. If the house did sell, and you didn't get it, its safe to assume your offer was not accepted. No, they will not notify you, that your offer was not accepted.
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Old 10-28-2012, 11:24 AM
 
115 posts, read 119,894 times
Reputation: 55
Quote:
Originally Posted by 399083453 View Post
Typically they take all the offers and pick one. You will need to keep in touch with the listing agent to find out if the house sold or not. If the house did sell, and you didn't get it, its safe to assume your offer was not accepted. No, they will not notify you, that your offer was not accepted.
How long will they typically take to accept one of the offers (or wait for a better offer)?
Listing agent does not appear to be responding to phone calls or emails.
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Old 10-28-2012, 11:59 AM
 
2,666 posts, read 2,965,200 times
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Quote:
Originally Posted by jackdon View Post
How long will they typically take to accept one of the offers (or wait for a better offer)?Listing agent does not appear to be responding to phone calls or emails.
Nothing typical these days. 1 day, 1 month, etc. Hah, the listing agent doesn't answer messages, now that is typical on foreclosures. Just keep calling them.
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Old 10-28-2012, 05:18 PM
 
Location: southwest TN
6,562 posts, read 6,772,261 times
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Ah, OP, this must be the house you want and your wife doesn't. You just might have lost both houses and neither of you "wins".
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Old 10-28-2012, 05:33 PM
 
Location: Mostly in my head
16,096 posts, read 28,842,932 times
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And this is the buyer who was so smart about cancelling an offer in another thread. This offer?

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Old 10-28-2012, 07:12 PM
 
Location: Maine
2,192 posts, read 3,210,366 times
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I'm amazed he would bother coming to ask another question here, what with all of the "jerks" around.
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