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| Green grass and high tides  |
If an offer is submitted. Is there a certain amount of time the seller's agent has to respond to the buyer's agent in writing. "Practice like you want to play in the game" | ||
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Seeker of Clarity |
I believe there is, IF that is spelled out on the offer contract.  | |||
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safe & sound |
A seller is under no obligation to respond at all. If making an offer when time is important I would put a time limit in your offer. No reply, then move on. | |||
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| Member |
In most states the turn around time is based on the days you stipulate in your offer. | |||
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Diogenes' Quarry |
Correct. And that length of time is typically three days (but it's not a hardfast rule). | |||
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| Green grass and high tides |
Thank you guys. "Practice like you want to play in the game" | |||
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| That rug really tied the room together.  |
I just sold a condo. The seller put an offer in, good for 48 hours. My freaking selling agent didn't even notify us of the offer until like 2 days after the offer expired. Made excuses, said he didn't check his email for a few days. Luckily, the potential buyers were still interested after 48 hours and we accepted their offer. ______________________________________________________ Often times a very small man can cast a very large shadow | |||
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Member |
In each of the RE contracts we've done over the past 10 years, we've noted the other party had 24 hours to respond. That's more than enough time to pull the trigger or counter. ----------------------------- 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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| Never miss an opportunity to STFU |
I was selling my folks house, and let the tenents know so they could make an offer. They responded nearly 2 years later. The judge rules in their favor and at their price because the RE agent never put any date on the paperwork. Really. It stills honks me off. Never be more than one step away from your sword-Old Greek Wisdom | |||
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| Member |
I have learned already that the seller has all the power. | |||
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Not really from Vienna |
You should always specify an ending date on an offer. | |||
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| safe & sound |
Perhaps that's because the seller is the owner in possession of the goods. Why should a buyer have any say so beyond the ability to make an offer? The only real problem I have with how the real estate system works is that they are allowed to list property at a low price with no intention of selling it for that price. | |||
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| Member |
They made the offer in an e-mail, and didn't follow up with some real form of communication??? That's stupid, and borderline rude, on the part of the buyer's agent. We all know how easy it is to lose an e-mail, and should know better than to rely on one. -------------------------- Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats. -- H L Mencken I always prefer reality when I can figure out what it is. -- JALLEN 10/18/18 | |||
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I'll use the Red Key |
Are you saying the judge didn't let you say no thanks to their offer? I understand an end date on an offer to the seller (to elicit a y/n in a reasonable time frame), but hard to believe you were forced to accept an offer you didn't want. What laws are on the books that compel someone to accept any offer to purchase their house - simply because they are selling it? Donald Trump is not a politician, he is a leader, politicians are a dime a dozen, leaders are priceless. | |||
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Tinker Sailor Soldier Pie |
Yeah, what the freak is going on here? You were forced to accept their offer? That sounds ludicrous. ~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan | |||
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| I believe in the principle of Due Process  |
It sounds to me like there was paperwork to the tenants which could be characterized as an offer, with no expiration date.
Thus the tenants accepted the offer, forming a contract on the terms of the offer. 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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| Tinker Sailor Soldier Pie |
So what if they made an offer. Why couldn't the seller then refuse it? I guess I'm not understanding what happened there. ~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan | |||
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| I believe in the principle of Due Process |
The owner made some sort of writing offering the property to the tenants. That might be construed as the offer, no expiration. The tenants accepted that offer, two years later, and the contract was formed. Without seeing the "offer" one can't be positive but it sounds to me (and I have significant training and experience in offer acceptance problems!  ) like this is what has occurred.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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| I'll use the Red Key |
Me neither... Unless the paperwork said something like they would sell the house to the tenants at X price upon tenants acceptance of the offer (with unfortunately no expiration date) then I can see that somehow being weaseled. But that is a big leap to line that all up and not get some sort of determination that offers have unwritten time limitations (and to me 2 years is a long time to not accept an offer and still expect it to be upheld). Donald Trump is not a politician, he is a leader, politicians are a dime a dozen, leaders are priceless. | |||
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| Never miss an opportunity to STFU |
Yes, I think that's how it went. I offered it at X price. They said sure, then put me off for some time. Later, a friend who is in RE found a buyer. So I notified them of an impending sale. At this point they found an attorney to represent them. They show up in court with a photocopy of the contract, and it had the date removed (white-out then copy). The judge accepted this bullshit copy and said they had priority, and said since there was no closing date, so the terms were still valid. The buyers had a very spotty payment record. The property was in a Renaissance zone. (no tax zone). Within a year or so the attorney they had wound up with the property. The RE agent apologized, but I was then one with the 2x4 in the rectum. Never be more than one step away from your sword-Old Greek Wisdom | |||
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