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Updated over 6 years ago on . Most recent reply

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86
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Jesse Smith
  • Rental Property Investor
  • Kansas City, MO
38
Votes |
86
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Seller's agent not presenting my offer for days

Jesse Smith
  • Rental Property Investor
  • Kansas City, MO
Posted

I found a great investment opportunity in a hot local neighborhood.  Within hours of the listing going live, I entered a full-price offer in writing.  This was on Wednesday, and the seller's agent claims he "cannot reach his client" until Saturday to present any offers.  In the meantime, he has set up multiple showings.  

I'm confident that other full-price offers will come in before Saturday.  Doesn't he have a fiduciary duty to present my written offer when I submit it?  I refuse to believe that he is not able to reach his client, given all forms of communication available today...

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17,515
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30,270
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,270
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17,515
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Sellers can review offers whenever they like.  I list properties on Wednesdays and review offers the following Tuesday. 

His fiduciary duty is to his client, not you. If keeping the property on the market longer yields higher offers, then that is what he should be doing.

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