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A Real Estate Company Policy Prevented seller to counter offer
A Real Estate Company Policy Prevented seller to counter-offer and We Lost the Deal.
 
I represent the buyers. I sent an offer via email to the seller’s agent. Buyers requested to get responses back from sellers by next day 6:00 PM.
 
6:00 PM arrived and past, but no responses received from seller. I text and sent email to find out the status of our offer. Finally, after few times trying, I got a response back requesting buyers to submit a new offer with a better price. Sellers did not counter-offer. I conveyed the information to my clients (Buyers), they were un-happy, they wanted to see the actual counter-offer terms and conditions and not to submit another offer with a better price.
 
I have seen in the case of multiple offers where the seller notifies all interested buyers that there is a multiple-offer situation and invites all prospective buyers to give their best offers, and after a deadline, the seller reviews all offers and decides who gets the deal. But, in our case there was no multi-offer and simply seller/seller’s agent wanted us to play high/high game with no guarantee they accept our offer at all.
 
I responded, with my buyers suggestions, indicating buyers would like to see the counter-offer from ... more

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