If you summit the contract and it was signed by the seller and return to you,then you have an executed contract meaning your offer was accepted,but if you did not received the contract signed by the seller and the listing agent(by the listing I guess you mean listing agent) told you that there is a better offer,well can be a multiple offer situation,where the price is attractive enough therefore the seller will receive 5,6 or more offers to choose from.If you have an executed contract contact an attorney.Hope this help.
As the previous realtor stated, it you have an offer in but is not signed, it is very common for sellers to take multiple offers, so no that is no illegal.
If it was signed by the sellers and now they are saying they do not want to honor the offer, then your realtor needs to advise the seller they cannot do that, or hire a real estate attorney.
South Florida Brokers
If you have an EXECUTED contract, meaning the Seller and Buyer both agreed on the contract price and terms and signed it, you can tell you have a deal. If you however only PLACED the offer, there is an open end for other buyers and they can place offers and overbid you. If you work with a realtor he or she should be on top of things and take care of you as a client.
If you need any additional assistance or if you are not currently working with a realtor please contact me at 305.877.2880 or firstname.lastname@example.org and I will gladly help you.
Vivienda Miami Real Estate Group, Inc.
If you did not 'lock' the deal, with a strong and accepted offer at the very beginning, then YOU left the door open for the seller to shop your offer. That's the reality,
It is competitive.
It is business.
It is not illegal.
It is what can and should happen if you don't know what you are doing.
It is what can and should happen if you are indecisive.
The 'HONOR' is securing the best price possible for the home seller.
Had you done that from the very beginning, you would not be accusing others of doing something illegal.
It is human nature to try to find someone else to blame.
Your agent, (you have hired one, RIGHt?) is your best resource to get your agenda back on track.
Of course, if you are saving money on representation, (DIY, discount, flat-fee, limited service, part timer) you may be on your own.
Your real estate professional WILL know what to do.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
If only you signed, then it is not a contract, just an offer and the Seller is within his right to go with another offer. Do you have a Realtor representing you in this deal? Your Realtor knows these things and should guide you through the procedure. If you do not have one Realtor, it is very clear you do need one. Do not get discouraged, with the right guidance, you will soon find a home.
Let me know if I can be of additional help at email@example.com
Lic Realtor/Mortgage Broker
Realty World REC
If as stated here by other agents you have a fully executed contract by you and the seller, then any additional offers the seller can accept would be considered a back up offer, in the event your contract does not go through. Without knowing if what you have is an offer or a fully executed contract it is difficult to provide you with a proper answer. Additionally, as real estate agents we are not allowed to provide you with any legal advise as we are not licensed to practice law, but just sell homes. If you do have a contract signed by you and the seller, then your best option is to seek legal advise for a real estate attorney that can look at the documentation and advise you of what your rights are. Please feel free to contact me if you have additional questions, or if you would like the name of a real estate attorney.
Lila Lopez, CRS, CDPE, e-Pro
RE/MAX Advance Realty
Here's a blog article I wrote explaining the difference between an offer, a ratified contract and an executed contract. Even professionals get it wrong at times.
If the documents you have were signed by yourself and the seller, and both parties agreed to all terms, then the seller is bound to perform as stated on the contract and an attorney should be contacted to help you.
The present market conditions are such that multiple offers are very common. If you made an offer, but the seller got a better one before they agreed to yours, they can accept the better one or they can give you a counter-offer changing your terms. Without knowing all the details, it's speculation.
Using the services of a Realtor in the future is something you may want to consider. We are trained to help you avoid these situations and most of the time our services are free to the buyer.
Best of luck.
The best thing to do is get another house,better for u an if there deal doesn't go through which happens often
Down here,then they'll lose a true buyer
,please call me I'll find u a better home
In same area my number is 3053008540