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Here's the most important lesson to come out of this discussion, and one I've learned very well over and over again through personal experience. The vast majority of the real estate 'professionals' you'll come in contact with today border on utter incompetence. I've had 'professionals' send me contract offers that appear to have been written by an eight year old, and are full of holes. If you're going to sell or buy real estate, do yourself a huge favor and spend a couple months educating yourself on the process, then do your level best to qualify the real estate 'professional' you'll be working with. If I had a dollar for every 'pro' I've fired over the past 15 years, well you get the idea. ----------------------------- Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter | |||
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| I believe in the principle of Due Process  |
"Nothing beats knowing what you doing." -- Me Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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| Just because you can, doesn't mean you should |
If your agent that wrote up your offer can't explain this and didn't specify an expiration time for the offer, you need a new agent. ___________________________ Avoid buying ChiCom/CCP products whenever possible. | |||
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| When you fall, I will be there to catch you -With love, the floor |
When I was selling my home back in NJ, my agent was incompetent. Failing to follow up on more than a few details, never setting up the escrow from the buyer's agent and the worst, telling me to fake the radon test to get the home sold. | |||
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| Green grass and high tides  |
Thanks to those of you who actually posted something helpful. With the weekend I was not sure I would be able to contact the agent and did not have access to the offer doc. So as it turns out it was not stated so we wait. The agent knows the listing agent and speaks highly of them so I am fine with that. Thanks to those who actually help  "Practice like you want to play in the game" | |||
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| Just because you can, doesn't mean you should |
1. You should be given a copy of any legal document when you sign it. 2. There definitely should be an expiration to the offer stated. 3. The contract is mostly between the buyer and seller, not the agents (who they represent and their commission are usually in there). 4. The agent that isn't doing a proper job is assuring you the other agent is a good guy so you should trust him. Good luck with that. Treating important legal issues like this is how situations get started that help make lawyers a good living I'm not saying this to give you a hard time but this is the type of stuff that leads to questions later for jhe888 & jallen and other SF legal eagles. An ounce of prevention.... ___________________________ Avoid buying ChiCom/CCP products whenever possible. | |||
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Member |
A seller has a "reasonable time" to accept or reject an offer that has no expiration date. They are probably waiting for a better offer or evaluating your offer vs. other offers. You can revoke the offer as long as they haven't accepted it yet. | |||
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| Green grass and high tides |
Okay guys. My realtor is good. They have done right by me to this point. No complaints. We have received a counter offer in writing. Appreciate your help and advice. "Practice like you want to play in the game" | |||
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