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Old 10-05-2019, 08:39 PM
 
Location: Lakeland, Florida
7,076 posts, read 12,701,243 times
Reputation: 8932

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I'm really upset about this tonight, and the entire experience was horrible. So please don't reply with smug unkind comments. There is no need for them, and believe me I'm in no mood for the infraction I'd get for my reply.

I was contacted by a Remax agent out of state, about a home that would be going up for sale. They were giving me a heads up. I had contacted that agency several weeks earlier about what i was looking for in a home , neighborhood. Price, They were given a copy of my preapproval letter.

The requirements were all met with this home. I looked at numerous pics of the home,, goggle maps of area. I had just been in the area 3 weeks earlier. I was sent videos of the home. I also had a friend that was familiar with this particular home and recommended it. I had lost out on 2 other homes because I did not put the offer in quickly. So this time I put it down as soon as the house listed. The offer was for list price. I already have my Mortgage preapproval. The house wasn't even on the market 24 hours, and my offer was rejected. In fact the offer was rejected 4 hours after this house listed. Is this normal. No explanation why. when I asked the agent she doesn't know the reason. It happens she says. I'm beginning to wonder how anyone is suppose to buy a house now days. It seems only the worse of the worst houses are offers accepted. Reason being difficulty finding buyers. I am pretty sure I made the first offer, if in fact there are even any others. I notice this listing is saying open house 2 to 4 tomorrow.

So does anyone know why things like this happen in this type of situation. There are a few ways to take this. When I have sold a home as soon as an offer fits what I'm selling for so accept it. Are things different now?
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Old 10-05-2019, 09:01 PM
 
1,125 posts, read 876,935 times
Reputation: 4513
If you offered the full list price and didn't have any additional requests, unless the rules have changed, the homeowner can't refuse the offer -- unless maybe they changed their mind and are taking the house off the market.

Seems to me you are within your your rights to know why your full offer was refused.

Another thought would be if the RE agent who took the offer to the Seller, won't disclose the reason, is there may be someone else who has made a higher verbal offer and the real estate agent has unethically manipulated the situation so he/she can have a bigger commission.

With you being out of state, you may never know the real reason your offer was rejected.
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Old 10-05-2019, 09:05 PM
 
Location: Ocala, FL
3,415 posts, read 6,299,361 times
Reputation: 3037
Could have been a higher offer. I doubt the seller's agent has to justify anything. You can ask your agent to put in an inquiry but no guarantees. Don't take it personally
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Old 10-05-2019, 09:13 PM
 
Location: Rochester, WA
6,439 posts, read 3,629,094 times
Reputation: 17367
If we’ve been told everything and the offer was properly written and submitted, I have no idea why such an offer would have been rejected outright.

Anything more you can give us?

Did you have a home sale contingency or any unusual terms?
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Old 10-05-2019, 09:24 PM
 
19,191 posts, read 21,196,687 times
Reputation: 28588
Quote:
Originally Posted by Normashirley View Post
If you offered the full list price and didn't have any additional requests, unless the rules have changed, the homeowner can't refuse the offer -- unless maybe they changed their mind and are taking the house off the market.

Seems to me you are within your your rights to know why your full offer was refused.

Another thought would be if the RE agent who took the offer to the Seller, won't disclose the reason, is there may be someone else who has made a higher verbal offer and the real estate agent has unethically manipulated the situation so he/she can have a bigger commission.

With you being out of state, you may never know the real reason your offer was rejected.
I’m currently getting a rental property on the market. If I get a full price offer no contingencies it’s sold. Otherwise I don’t have to accept any offer I don’t like the contingencies. It’s not always the price
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Old 10-05-2019, 09:25 PM
 
Location: Raleigh NC
10,278 posts, read 7,656,247 times
Reputation: 8900
well, if an oft-used local strategy is to put a house on the market at a price expected to generate multiple offers, or well above a (perhaps artificially low) list price ... and keep it available for a weekend ...

still without anything unusual in your offer, you'd think some explanation/feedback was in order at least. Are you FHA or VA?
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Old 10-05-2019, 09:41 PM
 
Location: El paso,tx
2,454 posts, read 932,827 times
Reputation: 3983
Did you ask for closing costs?
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Old 10-05-2019, 09:49 PM
 
374 posts, read 105,797 times
Reputation: 781
Quote:
Originally Posted by Spottednikes View Post
Did you ask for closing costs?
I was just going to ask what contingencies or concessions were asked for, and if there was any other mitigating time factors. They (sellers) may think that if they're already getting offers, they may want to wait until after the open house.
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Old 10-05-2019, 11:00 PM
 
19,191 posts, read 21,196,687 times
Reputation: 28588
Making a offer at full price doesn’t mean you automatically get it. The seller may not like your contingencies. They aren’t required to take a offer based on price alone
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Old 10-05-2019, 11:47 PM
 
2,290 posts, read 1,360,330 times
Reputation: 1996
All other things being equal, I would take someone with 5% down and conventional financing over an FHA buyer, or VA.. now if you were a cash buyer, I would expect some real answers. Listing a home at a price they have no intention of selling it for is certainly not outside a realtors bag of tricks. Did its status change?
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