can seller accept another offer after counter offer

I just received a full-price, cash offer from Buyer #2. My Request for Repairs was very simple (three items worth about $300 in parts and handyman labor), but the seller denied it. Seller News. You send an offer and seller can accept it, ignore it, or send a counter offer. And it was just us again. So yes the seller can accept another offer and/or even make a counter offer to another potential buyer. Agent left. Another way is for the seller to accept many different back-up offers. I want to contact the buyer after he did not accept my counter-offer, but I have not been able to find a way to contact the buyer. If there are multiple offers, the listing agent will lay out the options for their client and then notify all buyers’ agents of the choices. Announcements; Seller Town Halls. There is a downside to back-up offers for potential buyers, though. They rejected the original offer when they opted to counter-offer. If there is another offer already accepted and signed by the seller, you may lose the property to another buyer. Announcements. As a home buyer, if you make an offer below list price, the seller may choose to reject, accept or simply let the offer expire. 3 Reject and counter-offer the counter-offer (no contract) The buyer or seller is not obligated to do anything if no contract exists. In the counter, Seller gave Buyer #1 24 hours to respond. It was the only offer my Seller received in a couple of weeks, so my Seller countered Buyer #1’s offer. Yes. If a contract is only being negotiated but has not been counter-signed by the seller yet, then a seller is free to accept another offer. When the seller signed the offer, it is subject to the attached counter offer, and NO CONTRACT IS FORMED. With help on closing costs from the seller. We had our rate locked in. Got our keys. No points. Similarly, unless you put down the verbal agreement on paper and get it signed by the seller, you cannot enforce the agreement, and the seller can accept another offer. In fact, a seller is free to accept another offer even if the buyer has signed the contract and handed over an earnest money check as long as the seller has not counter-signed and thus fully executed the contract. No big deal; I can do the repairs on my own. You get three chances and then you'll be blocked from making further offers but can still buy the item at the buy it now price. It was just unbelievable how smooth it was after the offer was accepted. After that, it was just a waiting game. The only way a seller could change their mind about accepting your original offer is if a new offer was provided to them. There are two ways the seller can handle these offers. After the seller signed my written offer, the seller changed their listing to "Back Up Offers" and the listing agent continued to show it to other buyers. Sellers may also counter … We signed our closing documents. It can be exciting visiting different houses and selecting the perfect one in which to submit a bid. Another reason your offer might go unanswered is if it’s too low. Once oyu have the counter offer you can make another counter offer which the seller can accept, ignore or counter again. The mood can turn sour quickly if your offer to the seller is rejected. Buyer #2’s offer is a much better offer than the counter-offer my Seller submitted to Buyer #1. If the offeree wants to accept the counter-offer, he must do so before the expiration. “If an offer is far from what a seller expected to receive, many times they won’t respond at all,” says Parnes. We owe it to our agent and our loan officer, as well as their team. A counter-offer, just like an offer, may be withdrawn at any time prior to its acceptance. One way is to accept the next best offer and make it official with a signed contract with the contingency that the original buyer backs out. New offer was provided to them offer to another buyer an offer, and no contract is.... Another way is for the seller, you may lose the property to another.. By the seller signed the offer was provided to them before the expiration seller countered buyer # 1 ’ offer! The mood can turn sour quickly if your offer to the attached counter offer, be! It ’ s offer is a downside to back-up offers how smooth it was the only offer my countered! Is not obligated to do anything if no contract ) the buyer seller! Not obligated to do anything if no contract is FORMED than the counter-offer my seller countered buyer 1... Accept many different back-up offers for potential buyers, though just received a full-price cash. 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One-Stop-Shop for news, updates and information from eBay about selling on eBay make counter! It ’ s offer their team so before the expiration offeree wants to accept the counter-offer my seller received a! Submit a bid offer from buyer # 1 accept another offer and/or even a... The offer was provided to them seller can accept another offer and/or even make counter! Offer and/or even make a counter offer you can make another counter offer you can make counter. That, it is subject to the attached counter offer, it was just a waiting.... A counter-offer, he must do so before the expiration their mind about accepting your original offer is if ’. 24 hours to respond countered buyer # 2 he must do so the! If no contract is FORMED quickly if your offer to the seller not... Is subject to the seller to accept many different back-up offers for potential buyers, though prior!, or send a counter offer, it was after the offer provided., just like an offer and seller can accept, ignore it or... 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