Updated almost 2 years ago on . Most recent reply
Seller delaying offer response and collecting other offers--what would you do?
I've put an offer on a small apartment building that was supposed to expire in three days. The seller has said they need additional time to deal with a lien and are expecting to accept my offer and start escrow any day, however in the meantime they've been collecting other offers. A week ago when I sent my offer in, there was only one other offer, and mine was the best, but now I've been told they are up to seven. How long until they collect one that's better than mine while keeping me on the hook? I'm more than tempted to withdraw my offer but my agent is vehemently against it. Any words of advice?
Most Popular Reply
@Mike Day
I would notify them we will withdraw our offer at 5pm this evening
Not doing anything will continue to let them fish for a bettter offer. Use your leverage and pull the offer by X. That’s the best way to get them
If they don’t accept so be it
Your agent is not looking for your best interest, they want the commission thus not wanting you to pull it
- Chris Seveney
