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Updated about 10 years ago on . Most recent reply

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David Avetisyan
  • Rental Property Investor
  • Glendale, CA
334
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Help: Realtor Delaying Response to Offer

David Avetisyan
  • Rental Property Investor
  • Glendale, CA
Posted

Whats the best way to proceed when a listing agent is delaying responding to an offer, waiting for other prospects to submit. 

I feel she wants to see if another, higher offers will be presented and I'm trying to figure out what the best way to approach the situation is. 

My offer is strong, and its probably the most legitimate offer they'll receive, but I'm left hanging as she drags her feet.  

I'm aware that I can withdraw my offer and walk away. I'm also aware that I can add an expiration date. But my goal is not to jeopardize the deal, or threaten them, but to provide a catalyst to expedite everything. 

The property is a fixer, and if a higher offer does actually come in, they'll have issues with financing for one reason on another. 

I do realize that the above two (2) mentioned opportunities might be my only options, but I want to see if anybody has other suggestions. Maybe things more creative. 

Thanks in advance 

Most Popular Reply

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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,271
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

The listing broker can call the seller 50 times but the seller will respond when they feel like it.

Keep looking at properties and you can still leave this one open for acceptance but have the expired date. This way you can accept the offer but are not obligated to if the seller comes back way later on.

No legal advice given.

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