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Hello Julia!
Yes, Actually before you made your offer....the Buyer Agent should call the listing agent and ask them if there are any other offers being presented at this time? Has there been any serious interest from other buyers? This way you will have a clue on how to make an offer on the property...your highest and best at first, if there are other offers already submitted or MAYBE if there is no other interest you make a lower offer and see if you can get the property at a better deal. The home will not change status in the MLS to Pending or Available with Contingency unless the seller has signed and accepted an offer from a Buyer.
I hope this information has helped you.
Tue Jun 2 2009, 10:49