Comments on: How should I do if vendor accepts the offer from other agent even I offer full asking price? http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price Sun, 05 Feb 2012 14:58:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: WelshLad http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price/comment-page-1#comment-1995 WelshLad Thu, 11 Mar 2010 12:12:59 +0000 http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price#comment-1995 There's nothing you can do, the seller can either accept who they like, nothing was signed, it was just an offer.<br><b>References : </b><br> There’s nothing you can do, the seller can either accept who they like, nothing was signed, it was just an offer.
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]]> By: Sarah http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price/comment-page-1#comment-1994 Sarah Thu, 11 Mar 2010 12:02:59 +0000 http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price#comment-1994 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!<br><b>References : </b><br> 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!
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]]> By: hanora http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price/comment-page-1#comment-1993 hanora Thu, 11 Mar 2010 11:39:59 +0000 http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price#comment-1993 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.<br><b>References : </b><br> 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.
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]]> By: Steve D http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price/comment-page-1#comment-1992 Steve D Thu, 11 Mar 2010 11:17:59 +0000 http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price#comment-1992 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.<br><b>References : </b><br> 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.
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]]> By: The Circus Bearded Lady http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price/comment-page-1#comment-1991 The Circus Bearded Lady Thu, 11 Mar 2010 10:45:59 +0000 http://www.excelsiorstreet.com/home-property-search/how-should-i-do-if-vendor-accepts-the-offer-from-other-agent-even-i-offer-full-asking-price#comment-1991 You can't. The vendor can sell to whom they like.<br><b>References : </b><br> You can’t. The vendor can sell to whom they like.
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