Oakland, CA · Member since 2015 · 246 posts · 127 votes
Hi,
I accepted all the terms on of the seller's counter offer for a property in Oakland. There are multiple offers from what I understand. The counter offer expires at 4PM this afternoon. I submitted my response at 10:50AM, but haven't heard back. I reread my counter acceptance and I believe my agent may have made a mistake.
In paragraph 6:
Acceptance of Seller Multiple Counter Offer: Buyer's acceptance of this Seller Mulitple Counter Offer shall be deemed revoked and the deposit, if any, shall be returned to Buyer unless by 5:00PM on the fourth Day after the date Seller signs in paragraph 5 (if more than one seller, then the last date) (or by 10:50AM on 4/28/2022) (i) it is signed in paragraph 8 by the Seller, and (ii)a copy of this Seller Mulitple Counter Offer signed by Seller in paragraph 8 is personally received by the Buyer or Buyer's agent...
Does this mean that the experation date of my acceptance is at 10:50AM on 4/28? Did my agent make a mistake? I submitted my acceptance at 10:50AM.
If they put that date in paragraph 6 then yes, your acceptance has already expired. You can either ask the agent to send a new copy to sign or you can see if the seller accepts it anyways.
I accepted all the terms on of the seller's counter offer for a property in Oakland. There are multiple offers from what I understand. The counter offer expires at 4PM this afternoon. I submitted my response at 10:50AM, but haven't heard back. I reread my counter acceptance and I believe my agent may have made a mistake.
In paragraph 6:
Acceptance of Seller Multiple Counter Offer: Buyer's acceptance of this Seller Mulitple Counter Offer shall be deemed revoked and the deposit, if any, shall be returned to Buyer unless by 5:00PM on the fourth Day after the date Seller signs in paragraph 5 (if more than one seller, then the last date) (or by 10:50AM on 4/28/2022) (i) it is signed in paragraph 8 by the Seller, and (ii)a copy of this Seller Mulitple Counter Offer signed by Seller in paragraph 8 is personally received by the Buyer or Buyer's agent...
Does this mean that the experation date of my acceptance is at 10:50AM on 4/28? Did my agent make a mistake? I submitted my acceptance at 10:50AM.
Thanks,
Calvin
Based on what I see, yes, your counteroffer expired.