We made an offer and bank countered we accepted within a few hours. We havent heard anything yet but it has

K R
Home Buyer
Oakdale, CA

only been 24 hours but the house now shows as pending on mls. listing agent said the paper work would be back in 24 48 hours. Should the house be showing pending due to our offer we accepted or could that be someone else?

Answers (4)
Pacita Dimacali...
Agent
Alameda, CA

Did the bank's counter offer specify that it is a multiple counter offer, meaning they're countering other offers besides yours? If so, and if the other buyers also accepted the counter offers given to them, there's no guarantee that it's your offer that was accepted. Your agent has to confirm with the listing agent whose offer was accepted.

But if the bank's counteroffer was only to you, and you accepted and received acknowledgement that your acceptance was received (this can be confirmed by fax indication that the fax went through, or if emailed, that the email was delivered and read), then you may be the successful buyer.

But your agent is your first resource to get the answer.

Hope you got it!

Thu May 29 2008, 22:39
Todd Norsted
Agent
Maple Grove, MN

KR.......it really could be either. Have your Buyer's agent get on the horn with the listing agent. The squeaky wheel gets the grease! You do deserve a timely answer!

Thanks, Todd Norsted

Thu May 29 2008, 20:14
Frank Diaz, MBA,...
Agent
Honolulu, HI 96825

It depends on your MLS rules. You typically have 1-3 days to change the status for MLS listings.
Are there multiple offers? If so, perhaps other agents accepted the offer as well and the bank will review them. Put on a good movie, grab some popcorn and relax. Hope you go to escrow.

Thu May 29 2008, 19:49
Lenny Frolov
Agent
Minneapolis, MN
FIRST ANSWER

That is fairly typical. The listing agent knows the deal will come together even though the bank has not signed off on it. It can take a while to get all of the documents signed by the seller. It is most likely your offer that is the reason it shows as pending.

Thu May 29 2008, 18:41

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