How should I do if vendor accepts the offer from other agent even I offer full asking price?

March 11th, 2010 | by admin |

Hello,

I recently have the problem for my home search. The property is marketed by two property agents, I am first one who saw the property and offer full asking price first among two buyers. But Vendor accepts the person who view the house after me and accept the offer of full asking price from the other agent. What should i do?

My property agent got lost his fees even I offer full asking price to the vendor. What that property agent can take action to the seller?

Please give me an advice.

There’s nothing you can do, the seller can either accept who they like, nothing was signed, it was just an offer.

  1. 5 Responses to “How should I do if vendor accepts the offer from other agent even I offer full asking price?”

  2. By The Circus Bearded Lady on Mar 11, 2010 | Reply

    You can’t. The vendor can sell to whom they like.
    References :

  3. By Steve D on Mar 11, 2010 | Reply

    You can’t do anything…if teh seller received the second offer before accepting your offer, then both offers are legitimately on the table – it is possible the second offer had some "sweetener" that topped your offer (no contingency, earlier closing date, whatever). Nor can your agent take action since the commission is paid by the seller to the agent representing the buyer. Your agent will get his/her commission/fee when you finally buy a house.
    References :

  4. By hanora on Mar 11, 2010 | Reply

    You should look for another house. The Vendor can sell his house to whomever he pleases for whatever he pleases. It doesn’t matter who saw it first or the amount of the offer. Your agent has no recourse either, every agent who has been in the business for a while has lost a sale to another.

    The only exception to this would be if the vendor turned down your offer because of your colour or religion or something like that. But that is very hard to prove.
    References :

  5. By Sarah on Mar 11, 2010 | Reply

    Unless you had the house under contract, you really have no recourse against the seller for accepting another offer. There are lots of terms besides price that are important in an offer. Maybe the other buyer offered cash, ie waived the financing contingency. This is often super desirable to sellers because it’s much less likely that a contract will fall through as many do due to financing. You could ask the seller to accept your offer as a back-up. That way, if something happens and the other buyer is unable to close the sale, you have the house under contract. Good Luck!
    References :

  6. By WelshLad on Mar 11, 2010 | Reply

    There’s nothing you can do, the seller can either accept who they like, nothing was signed, it was just an offer.
    References :

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