Back out from an offer

[OHRoadwarrior]

ure:

outside looks great. I'll buy it as long as the inside is acceptable.

That is what is known as a window shopper.



Unless they have a 100%+ offer, cash, with no other contingencies, and a really large earnest money deposit that offer wouldn't get any traction. And then it would have about a 1 day limit from the sellers side.

Contract contingencies are common in uncommon situations. The agent may not be pushing the sale because he has invested a lot of time in it and found it to not have moved. My home was purchased a long time ago, with the sale contingent upon the sale of our current primary home within 90 days. In consideration for that, the seller received slightly below their listing price. Where I come from, we call it negotiation. I just bought a new truck for 40% off MSRP. It gets back to offering the right seller, the right deal. I pretended not to be amused they had to jump start a brand new truck because it had been parked so long.

 

[justalayman]

Contract contingencies are common in uncommon situations. The agent may not be pushing the sale because he has invested a lot of time in it and found it to not have moved. My home was purchased a long time ago, with the sale contingent upon the sale of our current primary home within 90 days. In consideration for that, the seller received slightly below their listing price. Where I come from, we call it negotiation. I just bought a new truck for 40% off MSRP. It gets back to offering the right seller, the right deal. I pretended not to be amused they had to jump start a brand new truck because it had been parked so long.

warrior, I actually used to be a Realtor. My suggestions are not from lack of knowledge. The buyer's agent needs to work a bit harder to find out what is going on. As I said, if I was the selling agent here, a fluff offer like was suggested would get a recommendation to not even counter unless the terms were so good it was worth a shot (I posted what I would be looking for). Then, once a prospective buyer sours the seller's agent and seller, their offers will all be viewed with skepticism. Not a good place to be for negotiating a sale.

There are other avenues for the buyer's agent to explore before simply suggesting: put in a fluff offer so we can view the house.

 

[primetime77]

seller backs out of accepted all cash offer

I have an accepted offer on a property. I sent in the signed and notarized contracts along with a 10% bank check. The buyer sent the check back and then after some time, said I have to resubmit an offer, that there are are other buyers wanting to submit offers. The broker then sent me a multiple offer form late on Friday and to get my new offer in by Saturday 9:00 AM the next morning. Do I have any recourse against the broker and can I ask for "specific performance" from the seller based on the accepted offer even though they sent the check back?
I'm not sure how to blog. Please help.

 

[tranquility]

Don't intrude on multiple threads, start your own. Also, review your question for clarity.