The home gets listed and exposed for about 15 days. Many people interested place offers on it. Then the seller looks at all the offers and selects the one they consider to be best. They sign it. At that point the offer becomes a contract, and they cannot negotiate with anyone else. Also at that point the home listing changes from Active to Pending (or Active with contract if it is a short-sale).
If you are on a local MLS website, the information on listings gets updated every 30 minutes, so you will not have to be chasing homes no longer active. Any local Realtor can provide a link to their private MLS feed, plus help you place offer on time. Was this answer helpful? If so please click on the "green thumbs up" or the "best answer".
If you are looking for a foreclosure, you can contact a local agent. They can set up a search for you that will notify you of foreclosures that come on the market each day. They can also narrow the search if you wish.
To see a list of foreclosures you can also look here.
We ARE in the business of getting real estate sold, NOT holding onto inventory.
Hopefully, the reality that seeing a home when it's new on the market, being decisive, and positioned to make a authoritative offer are all essential in getting 'the good stuff."
Since you are trolling the internet for advise, one can conclude you are not working with a professional. It is highly unlikely you will be successful without the advance notification resources a professional can make available to you. When looking at foreclosures, you need to be first, fast, and strong.
Mike and Pam have provide their telephone number.
The rest is up to you.
If the foreclosure is under contract that means the seller has accepted an offer. Any other offers would be back up offers which would only come in to play if the property does not go to close for some reason.
It is possbile that the seller may not allow showings while it is under contract. However, I personally have never run into this with a foreclosure property.
If you are not working with a Realtor I would be happy to help you with this matter.
Please let us know your thoughts or if you have any questions, need more information on any other property or if you have any concerns.
Thanks and have a GREAT day!
Kind regards, Mike and Vivian Foate
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Mike and Vivian Foate-REALTORSÂ®
Prudential Shimmering Sands Realty, Inc.
7923 Panama City Beach Parkway
Panama City Beach, FL 32407
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Pam Mathis, Realtor
ERA Neubauer Real Estate
Panama City, FL
229-563-6088 (GA Cell number)
Multiple offers come in before it's under contract. Once a winning offer is selected, subsequent offers can be held as back-up offers, but typically the seller quits showing the house and starts to prepare to move. Once the buyer is under contract with the seller, the seller can't just kill the deal for another offer. If they could, your offer wouldn't be safe from another buyer overbidding yours at the last minute.