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You accepted an offer while a showing was in progress?

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Real Estate Agent with Fathom Realty 514924

 

You accepted an offer while a showing was in progress?  I suppose there are so many variables to consider that it’s hard to criticize.Greg Brady, Realtor - Arlington, TX Real Estate Agent

 

I was showing a property today and my clients knew pretty quickly that this was “the one”.  We stood out in the front yard for a few moments discussing our offer and then I headed back to the office to contact the other agent.  I pulled up the property in the MLS to get some information on the property, and then pulled up a nearby property that had just recently sold.  When I went back to the property in question…it was “Pending”!  If you’ve been in that situation you can imagine the feeling of defeat.  I immediately called the other agent to make sure I was seeing this right and she did confirm that Greg Brady, Realtorshe just updated the status and the offer was accepted about an hour ago…during the showing with my client.  Ugh!  My clients were crushed to have missed it by so little.

 

After thinking it over I know there are reasons why they may have needed to move on a good offer so I don’t have any hard feelings but it did make me think.  If you know someone is in the process of viewing your listing and you have received a good offer, do you go ahead and accept the offer or do you wait until the showing is over and see if by chance you get another offer?

 

Posted by

 

Howard Weiss

 

REALTOR

Fathom Realty
Serving all of
Dallas-Ft Worth, TX,

Office: 817-419-8966
Mobile: 972-567-1591

 

http://www.WiseTeamRealty.com

Winston Heverly
Coldwell Banker Access Realty - South Macon, GA
GRI, ABR, SFR, CDPE, CIAS, PA

Some agents don't even have a clue of such things or care. With the non personal touch along with the E-showing phenomenon going on who even knows who is showing.

Mar 15, 2012 01:44 PM
Howard Weiss
Fathom Realty - Arlington, TX
Arlington & DFW, TX

That's true, Winston.  It did make me wonder if she even knew a showing was happening at the exact time they were executing a contract.

Mar 15, 2012 01:46 PM
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hey Greg,

Or the listing agent was so ready to get it under contract she didn't even care to entertain the possibility of a better offer?  Good post.  SUGGEST!  Best of success to you this year!

Mar 15, 2012 02:07 PM
Cameron Novak
The Homefinding Center - 1000 Palms, CA
Real Estate Broker since 2008

Not hard to criticize at all.  The agents job is to obtain the BEST offer for their client.  If the agent knew a buyer was looking and might submit the BEST OFFER, the agent had a duty to let the seller know of that potential.

Mar 15, 2012 02:15 PM
Howard Weiss
Fathom Realty - Arlington, TX
Arlington & DFW, TX

Jordan, I thought of that possiblity as well.  She may have seen a good offer and a opportunity to get it over with!  Thanks!

Cameron, that's the way I feel anyway.  If it's me, I wait to see and even call the other agent to see if their client was interested.  Thanks for commenting.

Mar 15, 2012 02:28 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Greg we've been in the middle of a HOT market for quite sometime in the under 400 mark.  It' not unusual for a well priced and good location/condition home to have multiple offers within a couple of days of being on the market. One of many I've been part of had at least 4 or 5 other buyers lined up to see the home.  So the agent needs to make a choice...more offers, way over list that may not appraise?  Many times I counsel our buyers that we need to look carefully at comps before they get into the buying frenzy. And many times these homes are BACK on the market because of a bad inspection or didn't appraise for contract price.

Mar 15, 2012 02:44 PM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Greg - To paraphrase Kipling on cigars, a showing is just a showing, but an off in hand is a potential deal.

Mar 15, 2012 11:49 PM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

It's hard to take but a bird in hand is worth two in the bush.  There might have been a time element involved with the first offer to accept quickly or lose it.

Mar 17, 2012 01:46 AM
Howard Weiss
Fathom Realty - Arlington, TX
Arlington & DFW, TX

We've had to move on of course but my clients are keeping the door open to the possibility that it may be back active again if something doesn't work out...you never know.

Mar 17, 2012 01:54 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Greg, that's a bummer. I have had offers come in at just about the time showings were scheduled but did tell the agent doing the last showing that we had an offer and if they were interested they would need to move quickly

Apr 20, 2012 09:49 AM
Howard Weiss
Fathom Realty - Arlington, TX
Arlington & DFW, TX

Thanks, Ed.  I should give an update on this situation.  My client is currently under contract on this property and scheduled to close in just over a week.  The first buyer backed out after an inspection but my client was willing to work with the seller to have some things taken care of.  I love it when a deal comes together :)

Apr 20, 2012 12:44 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Greg, I just had this happen three weeks ago.  The listing agent wouldn't respond to phone calls or emails. When she finally did she told me that a contract came in overnight.  It was her contract on her listing.  I think that might explain why she wasn't returning calls.  I hope your clients found something better.

May 30, 2012 02:03 AM
Howard Weiss
Fathom Realty - Arlington, TX
Arlington & DFW, TX

Mike, that is incredibly lame of the listing agent!  It just so happens that my clients are now living in that very same house!  The previous deal fell through and we jumped right on it.  Success!

Jun 01, 2012 08:06 AM