Home Buying in 01969>Question Details

Jody, Home Buyer in 01969

I made an offer to purchase a house - how long does my agent have to present that offer to the seller?

Asked by Jody, 01969 Wed Nov 18, 2009

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The offer should be presented immediately (unless it is a multi bid scenario and the listing agent and seller have called for offers on a specific date and time) Your offer contract should have an expiration date and time so the seller has until that date/time to accept or reply.

Next time get yourself an exclusive buyers agent to represent you. When you work with a listing / sellers agent they are legally obligated to protect the seller in the purchase not the buyer (therefore they can only give you limited advice and guidance during the purchase of that property).

Good luck!

Territory.com
Massachusetts Premier Buyer Brokerage
Web Reference: http://territory.com/
0 votes Thank Flag Link Tue Jul 31, 2012
Your aget should present the offer as soon as possible. They usually give a 24 to 48 hors time frame to respdond to he offer. This will be written in the offer that you should have a copy of. After your agent discuss the offer prosses with you and you sign the papers. Your agent is going to peresent that offer to the listing agent or the seller. My advice to talk to your agent and have him/her explain to you the prosses and the times and dates that were written in the offer. Good luck....
Maha
0 votes Thank Flag Link Wed Nov 18, 2009
Your aget should present the offer as soon as possible. They usually give a 24 to 48 hors time frame to respdond to he offer. This will be written in the offer that you should have a copy of. After your agent discuss the offer prosses with you and you sign the papers. Your agent is going to peresent that offer to the listing agent or the seller. My advice to talk to your agent and have him/her explain to you the prosses and the times and dates that were written in the offer. Good luck....
Maha
0 votes Thank Flag Link Wed Nov 18, 2009
Offers are normally submitted immediately, with a 24 hour time line for a response. Your agent should have discussed the process with you from the time offer is signed by you thru acceptance or negotiations and then Purchase & Sales. This process has time lines and your agent should have discussed these with you.

Good luck - hope your offer is accepted.
0 votes Thank Flag Link Wed Nov 18, 2009
The offer should be presented immediately. If it cannot be delivered in person your agent should fax and call the seller or seller's agent.
0 votes Thank Flag Link Wed Nov 18, 2009
Immediately! Your agent should have already had the contact info on where to send the offer and It must be presented to the sellers regardless of the amount, contingencies, or any other stipulations.
0 votes Thank Flag Link Wed Nov 18, 2009
Hi Jody,
Congratulations on your offer!
Your agent should summit the offer to the sellers agent asap. Of course, they have to make contact.
Usually, your agent will call the listing agent and let them know there is an offer and find the best way to get it to them- fax, email, deliver, office, etc-and then get it there right away.
On the offer you should have determined a time frame for a response from the seller on you offer, usually 24-48 hours or sometimes longer with the banks.
Hope this helps and good luck!
0 votes Thank Flag Link Wed Nov 18, 2009
I am a little confused ... If you have an agent why haven't you had a detailed discussion with them about how the purchase process works in MA? That is a little worrisome. Does this agent also represent the seller (is it their listing)?
The offer contract should have an expiration date written into it (a time for which the contract is good until) and your agent should have gotten your ok before adding it to the contract. It is usually 24 to 48 hours for the seller to respond. Did your agent give you a copy of the offer? If so take a look at it again.

http://www.bostontre.com
0 votes Thank Flag Link Wed Nov 18, 2009
Hello Jody, If your offer to purchase a home was a written offer, your agent should present it as soon as the sellers or their agent can listen to it. All written offers must be presented. Keep on top of your aget. Good Luck! Eileen
0 votes Thank Flag Link Wed Nov 18, 2009
Usually when someone makes an offier on a house they give the seller a time limit to except the offer. You might want to look at your offer and see how long you gave the seller to respond to your offer so that you can find out when your realtor will be getting back with you.
0 votes Thank Flag Link Wed Nov 18, 2009
Hello, Jody.

You agent is obligated to present all offers to the seller immediately. Of course, please allow for travel time and for the availability of the seller.

Usually, the buyer's agent will call the seller's agent right after taking the offer and let them know that there's an offer on its way.

Do you think the hangup might be on the seller's end?
0 votes Thank Flag Link Wed Nov 18, 2009
Hi Jody,

Your agent should present the offer the day you write it up (or the date you put on the offer) because all of your other deadlines are calculated based on the date of the offer, including the seller's response deadline. Time is of the essence when it comes all aspects of a real estate transaction.
0 votes Thank Flag Link Wed Nov 18, 2009
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