I know it is frustrating. I have had the same experience with several of my buyers. I have averaged about 6 offers per buyer before we have had one accepted. Please don't be personally offended. It is not you; it is just the market. Hang in there.
Ascent Real Estate, Inc.
cell (858) 405-7702
As everyone below has answered the Seller is not obligated to accept any offer, or they may choose to accept and offer less than yours. Your offer is not even confidential and the Seller may choose to disclose the contents to a third party.
The listing agent could make the argument in California that if they obtain a full priced non-contingent offer that the Seller could be liable for the commission. If you are working with a Buyer's agent - that agent would have to sue the LIsting Agent Company for the commission and in turn the Listing Company would sue the Seller. This rarely happens as it is not good business to sue your client.
If you are under the $500,000 price range in San Diego it is unlikely not to pay asking price or more until the inventory increases. There are those that think with the amount of foreclosures in many zip codes, there will be more opportunity for buyers - but of course no one has a crystal ball.
Don't give up, I recently represented some Clients that wrote over 10 offers before being successful.
Make sure your agent has you set up on automatic updates from Sandicor MLS and go see everything quickly - the early bird is the one getting the worm right now!
If you really want them to ACCEPT your offer, you will need to work closely with your agent to determine current market value and structure your offer accordingly with solid terms that will increase your odds to win. Your agent can speak to the other agent to determine if there is any other competition, offers on the table etc...
Marcie Sands, REALTOR
Simply The Best Real Estate Company, Inc.
Best of luck,
Let me know if I can help you in any way!
Joan Wilson (Realtor, SRES, Ecobroker)
California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
License # 01341483
It is my Goal to Increase the Success and Profitability of Those I Serve