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I put in an offer on a fixer-upper property on Thursday, Aug 19th. Cash offer, below list price but still very reasonable. Gave them until Saturday Aug 21st at 12 Noon to respond. Never heard anything. Over the past 2 weeks, my agent has been in contact with the list agent to find out the status. List agent keeps apologizing and says owner is out of the country. He never was even able to present the offer to the owner (apparently). My question is: what is the SC law that says that offers must be presented in a timely manner to the seller by the seller's agent? I'm getting fed up, I'm still interested in the property but I think the seller is trying to collect up offers before he responds to anything. I think this is illegal. Anything I can do about it?
What makes you think the Listing agent is lying? I have had completely inaccessible Sellers before. It does happen. There's no law that mandates the impossible (assuming the Sellers truly are inaccessible at the moment). Contacting the listing agent's broker to insure that the offer was or wasn't submitted is a good first step though.
Well, you offer already void once time passed. If the listing agent is unable to present listing to the sellers (if that's even true), the seller should fire the listing agent immediately. With today's technology, out of country is no excuse.
Are you sure it's not a foreclosure? Recently we had this situation and the bank took forever to answer our clients offer. No fault of the listing agent.
It's not a foreclosure. Owner purchased it at a tax sale.
Sorry to say this but it sounds like the the agents aren't at fault here. If the Seller doesn't want to come back with an offer that's his fault. Hopefully the agents are documenting everything but there really is no recourse since your not in contract right now and never were. The real estate agent can't do anything but try to ge the seller to come back with a counter or acceptance.
I have a question simular to this one, we are looking at some vacant land that has been on the market for >1000 days, the list is 35K, what would be a reasonable cash offer?
when I sold my house few years ago, I got a low ball offer, day after my house was posted. My agent got a fax from the lowballer/(also a agent) 50K less the listing price, with a 24hour limit on it. Was away on biz trip, and didn't get voice mail till the 24 was up. I rejected it, but since the timelimit had passed she said she did not need to respond to it. She also said after I rejected it, he puts in a offer on every house that is listed.
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