But we were negotiating!! How could they sell the home!?!

By
Real Estate Sales Representative with Prudential Tropical

It has happened again.  Buyers can be told, but for some reason they do not get it.  Until we have an endorsed contract, we do not have a deal.  Words mean nothing.  We had an agreement, the counter was presented, all the buyer had to do was initial the changes.  But by keeping the contract, and not returning it, she allowed the seller to have another contract submitted, and accepted, underneath her.  "But the contract says I have 48 hours to respond to a counter", she screamed.

No.  What the Florida contract says is that the contract counter offer will expire on its own after 48 hours.  If you do not accept the counter, the home is still for sale.  If you want it, buy it.  Talking about it does not make it yours.

Yes, it is a buyers market.  Unfortunately for this buyer, someone else is buying "her" home.

Posted by

   Garth Jones works together with his partner, Heather Jenkins as The Selling Agents.  They specialize in Brandon, Valrico and Lithia area properties, working with buyers and sellers as well as doing property management for a select group of owners and renters.                       

    The Selling Agents

 

The Selling Agents   The Selling Agents   The Selling Agents

 

                                                                                                                                                                    

Comments (3)

Ted J. Macy
Top Agents Atlanta Metro - Milton, GA

Sound like what should happen, verbal is not worth the paper it is printed on.

Oct 31, 2011 02:49 PM
Rob D. Shepherd
RETIRED - Florence, OR
RETIRED

Maybe she won't monkey around on the next one. You need to strike while the iron is hot!

Oct 31, 2011 03:05 PM
Maureen Fukumoto
Help-U-Sell Realty Pro - Mililani, HI
Maureen

Sadly, many agents don't understand that either.  Too often I've heard "but I have until ...". Not true, not if a better offer comes in.

Oct 31, 2011 10:06 PM