Home Buying in 43610>Question Details

Rymar, Home Buyer in 43610

if my offer on a forclousure is denied but then the accepted offer falls trough does mine become accepted

Asked by Rymar, 43610 Tue Mar 20, 2012

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7
Probably not. If they are interested in accepting your offer now that the accepted offer has fell through they will probably let you know.
0 votes Thank Flag Link Wed Mar 21, 2012
Not necessarily. Usually the bank will instruct the agent to go back to all the other offers and ask them to submit their highest and best offer by the end of the day.
0 votes Thank Flag Link Wed Mar 21, 2012
Probably not, the date on your offer has probably past.
0 votes Thank Flag Link Wed Mar 21, 2012
Unless your offer was accepted as a back up offer and your agent was notified that the first offer fell through and your offer is now active, I'd have to say no. If you are still interested in this property have your agent resubmit your offer. Good luck
0 votes Thank Flag Link Wed Mar 21, 2012
that depends if your offer was an accepted back up offer or not. If not then you have to submit a new offer.
Good Luck,
Duane Johnston
Howard Hanna Real Estate
0 votes Thank Flag Link Wed Mar 21, 2012
Unfortunately, not usually. On most occasions, your Realtor will have to re-submit your offer.
0 votes Thank Flag Link Tue Mar 20, 2012
Usually, this means that all other offers have expired:
The Seller would want to know that you are still interested.
You should beat a path to the Listing Agents door:
Did you already do a CMA so that you know the true Value of the house?
Has it been long since then?
If you were at the Value before, I would recommend adding $500 to the Offer.
If you weren't at the Value before, I would recommend getting there, if you want to buy it.
"Low Ball's" won't work anymore.
0 votes Thank Flag Link Tue Mar 20, 2012
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