Agent2Agent in Torrance>Question Details

Korie, Home Buyer in Torrance, CA

Why is taking so long for the seller to sign the contract and open escrow?we got the counter offer and we accepted.

Asked by Korie, Torrance, CA Sat Mar 10, 2012

Help the community by answering this question:


You have many good and thorough responses below. Did the Seller provide you (Buyer) with a Counter Offer signed by the Seller, which you then signed and returned? But they never signed the original contract (Residential Purchase Agreement)? You statement implies that they never signed the contract.
I respect the fact that you want answers to your questions and I think Trulia is a great tool for buyers and sellers to get "second" opinions. But I am concerned that you are this far into the process of purchasing a home and you don't know what is happening.
What is your agent telling you?
0 votes Thank Flag Link Sun Mar 11, 2012
Hi Korie,
As you can see from the responses you received, the most important component to your relationship with your agent is communication. Contact your agent immediately and ask the question. If you don't get a response or answer that makes sense to you, contact the broker of that brokerage. Push until you get an answer.
0 votes Thank Flag Link Sat Mar 10, 2012
Hello Korie,

As some of the other replies have said here, communications are the key and you need to be discussing this with your agent. If your agent is not providing you with answers or simply not responding at all, then you need to speak with the Managing Broker of the office your agent works with.
As for your question regarding your offer status we here can only provide our best council as to what might be a reason they have not responded.
First, if you signed a counter offer and you did so within the time frame required by the counter offer contract and it did not indicate the counter offer was in a multiple counter offer situation, then you have a fully executed contract; only your agent or their Broker can fully answer this for you.
Second, are you working with an agent? Are you working directly with the home seller or with an investor? It is advisable to work with a Realtor so you have an experienced professional representing you that fully understands the requirements regarding a home purchase.
I hope these replies provide you assistance. If you are not represented please feel free to contact me and I would be more than happy to consult with you regarding your home buying needs.
Web Reference:
0 votes Thank Flag Link Sat Mar 10, 2012
If you made no changes to the seller's counter offer and you accepted it, you have a contract. Has your agent received confirmation from the listing agent that your signed counter offer was received? The buyers open escrow with a deposit, so your agent should already know or should try to obtain the escrow company and escrow officer information that is going to be servicing your transaction. Have your agent contact them Monday for further instructions.
0 votes Thank Flag Link Sat Mar 10, 2012
There are many reasons why it may be taking a long time. I will mention a few here. I will start by suggesting you should be speaking to your agent to get the actual answer. If the agent is not responding to you timely then you should seek to speak to their Broker about things. Communication is the number one item in a transaction that can make things smooth or stressful! Take out your counter offer and read the expiration time and whether this was a multiple counter offer. As long as it was not expired when you got it and accepted it that part is good to go. If it is a multiple counter offer then this means you and others received a counter offer for the same property. Whether it is a multiple or not still comes down to having to receive the acknowledged counter offer back that tells you the property is yours. As some other replies suggested there are reasons why this could be taking longer than a day or so to respond. Even with technology advances that are here today, some Sellers may not be up to speed. There could be out of the area Sellers or multiple Sellers that the listing agent is dealing with. All parties need to be on the same page and have signed the counter offer. You didn't mention whether this is a bank owned property or a short sale or a traditional sale. Each of these will have their own reasons for why it may seem to take a long time to respond. Bottom line is to speak to your agent or up the food chain with their Broker to get the answer you need. Please remember that when there are problems on the front side of a transaction there are almost surely going to be nightmares during and at the end of the transaction. This goes back to my assertion that communication is key!
0 votes Thank Flag Link Sat Mar 10, 2012
First thing is the counter should be in writing and your acceptance should be in writing and signed by the buyer and the seller. The only person that can answer this question is the listing agent, simply call them and ask. If you have a buyer agent, they should be calling for you.
Web Reference:
0 votes Thank Flag Link Sat Mar 10, 2012

First thing is about escrow - in our area either the buyer opens escrow or uses one the seller has already opened. You also don't mention what "long" is, so it's hard to respond to that. There are many potential reasons, ask your agent/broker to find out what's going on.

Best Regards,

Lance King/Owner-Managing Broker
DRE# 01384425
0 votes Thank Flag Link Sat Mar 10, 2012
He’s waiting for the planets to line up. Okay, if you got a counter offer and you signed it, then you have a contract. The seller doesn’t need to sign it again unless you countered your own offer buy writing up the counter yourself before the seller signed it. I have seen that happen so just tossing it out there.
0 votes Thank Flag Link Sat Mar 10, 2012
Hi Korie,

I'm not sure how long it's taking the seller as your question doesn't state the time involved. Ask your Realtor the time frame for signature - it should be stated on the counter offer or purchase agreement.

Shanna Rogers
SR Realty
0 votes Thank Flag Link Sat Mar 10, 2012
Maybe he feels he has to consult with his attorney before signing anything. There are many reasons why this can take a while. It is something that your agent should be on top of, especially if you are concerned.
0 votes Thank Flag Link Sat Mar 10, 2012
Possible two or more siblings involved, out of state owner, seller on business trip? Could be many reasons, so see if your Agent can get an answer!
0 votes Thank Flag Link Sat Mar 10, 2012
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