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My Offer Was in First, Why Don't I Get the House
My Offer Was in First, Why Don't I get the House
A Buyer's quest for the perfect house takes a lot of twists and turns. Walking through many doors; hunting neighborhoods; hours looking at Internet sites for possibilities, and then it's found.
The house is just what they want, and the contracts cannot be prepared quick enough. Send it over and wait for a response. Anxious moments and after a day a reply, but not what they wanted to hear. There are multiple offer, we are requesting highest and best by 5 PM of the following day.
This requires a very intense sit down with the buyer to let them know the status of their offer. The client is confused as we were told when the offer  submitted that there were no other offers on the property. Why did the sellers not negotiate with their offer until there was a satisfactory result?
No offer on a property is secured until all parties have come to a written understanding of what is to be offered and the terms resolved. Then once all parties have signed off on the paperwork, and the escrow funds have been exchanged, would the offer be binding.
Between the times our offer was ... more

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