Buying & Selling Real Estate Discussion

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Alexander Kleyman
  • Rental Property Investor
  • Sterling Heights, MI
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Seller is stalling on a full price offer, thoughts?

Alexander Kleyman
  • Rental Property Investor
  • Sterling Heights, MI
Posted Aug 20 2019, 09:51

Hey guys I am new and wanted to hear feed back on your BS’ometer about response from seller who is stalling on an offer.

Saturday we put a full price offer on a duplex property(unoccupied), and right before a 48hr mark of offer expiration the seller’s agent came back with this:

- seller is asking for “a couple more days” to respond to the offer. Explanation being: Property belonged to the parents and seller is one of 3 children who is on the title and is selling it. Seller needs more time to contact 2 other siblings in another state on if it’s OK to sell this property?! Claims it has nothing to do with purchase price, just permission to sell this property.

- Btw seller’s agent called our lender and verified our loan/finances and got “everything is great” back from lender.

Did the seller really contact a realtor and put their parents property for sale, name their price, allow showings all without getting any OK from their siblings? Only after receiving an offer they plan to ask siblings for OK? I sense BS and something fishy. Oh btw when we placed our offer, seller’s agent said they were expecting 2 more offers from other people who seen it prior to us. Not sure if other offers were received after ours went in, could be just a scare tactic.

We are still looking at other properties mean time, just wondering if seller is an idiot or playing some game?

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