They can certainly take another offer but they also have to disclose to perspective buyer that it will be a back up. They can not accept two offers at the same time. Some of the inexperienced agents take back ups and also submit them to the bank but it only slows down the process of the short sale approval. Most of the time agents hold on to back up offers since a lot of initial buyers fail to go through with the transaction.

Good luck with your purchase,

Dmitri Stupachenko, MBA, REALTOR®

I disagree with the other opinions. The answer is maybe. The seller can not accept the other offer in a short sale but they must provide it to the lender. If the new offer is better, the bank will decline to approve the lower offer, the contract will fail leaving the seller free to accept the better offer.

Technically, no, the seller's agent cannot submit an additional offer. He should tell the people with any additional offers that one has been submitted and that their's is a back-up. The seller of the home should sign the offer as long as it is a decent offer, IMO. If it is way too low and the seller's agent thinks it won't comp out, then it is a waste of a lot of people's time. It is up to the seller's agent to know which route to take.

Good luck with the purchase!!


Mo Thweny

It seems to me that the bank and the seller would need to agree to the sale. I doubt the bank would accept 2 different offers.

Good Luck!

Kevin O'Shea