Home Buying in Westminster>Question Details

Gina Brown, Home Buyer in Westminster, MD

I currently have a contract on a "short sale" house. Can other offers be made on the house while I'm waiting for an answer?

Asked by Gina Brown, Westminster, MD Wed Mar 23, 2011

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6
Yes all new offers shall be presented to the seller till your offer is accepted by the lender.
0 votes Thank Flag Link Wed Mar 23, 2011
Yes, other offers can be made.
Web Reference: http://www.golftobeach.com
0 votes Thank Flag Link Wed Mar 23, 2011
IF your offer is NOT accepted in writting, then the bank may take other offers...
0 votes Thank Flag Link Wed Mar 23, 2011
Without many details--your agent can best answer your question, depending on your contract do use caution when making other offers...again consult with your agent.
0 votes Thank Flag Link Wed Mar 23, 2011
Other people can make back up offers, but when an offer has been accepted by the seller and is in the proces of being negotiated with the bank it is in the best interest of all parties to work with that one offer only.
Submitting multiple offerds to the bank only confuses the process.
0 votes Thank Flag Link Wed Mar 23, 2011
Yes of course, The bank requires all offers to be submitted to them and they can at anytime accept a better offer!
0 votes Thank Flag Link Wed Mar 23, 2011
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