Home Buying in Lompoc>Question Details

Dawn Quintero, Home Buyer in 93436

what if the seller doesn't counter offer ? Are the buyers alllowed to make another offer ?

Asked by Dawn Quintero, 93436 Mon Jul 20, 2009

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Making another offer before getting a response from the seller on your first office could be double jeopardy for you and your bargaining position. The seller's unresponsiveness to a valid offer often means they did not accept it, especially if you've made a good offer that would otherwise be acceptable, e.g., fair price, good terms, supportable premise, etc. It is common these days fro some sellers to hold out for better offers or to present the illusion of higher interest by the buying community by withholding a response to your offer. However, bidding against yourself isn't the best approach to a fair negotiation. So, be careful if you tread down that path.
0 votes Thank Flag Link Wed Aug 4, 2010
Are you using a Buyer's Agent. If yes, have him or her call the Seller's Agent to ask why there is no counter. If you are being represented by a Dual Agent, have him or her call the Seller & find out. If you have no Agent representing you, as in a For Sale by Owner, call the Seller. My guess is that you insulted the Seller in some way, most likely a price much lwer than they expected. You can always make another offer, but, first, do try to find out why you did not receive a counter
0 votes Thank Flag Link Mon Jul 20, 2009
Your buyers agent would be able assist in making that decision.

Did you submit an offer with bank property foreclosure? If so then banks if don't like your offer may not ever respond. Contact Listing agent determine status.

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0 votes Thank Flag Link Mon Jul 20, 2009
Dawn,

Normally when a seller does not counter it is done as a gesture to express their dismay to your initial very low(lowball) offer.

You most certainly can resubmit another offer but we recommend that it is one that is an accurate reflection of the local real estate activity at this time. Have your agent give you the numbers from recently sold similar homes in this area. Is should shed some light on where your next offer should be.

Good luck
The Eckler Team
0 votes Thank Flag Link Mon Jul 20, 2009
Yes, of course. But the question is why didn't the seller respond in writing or verbally. Is your agent only representing you or the seller, too.

First find out why there was no response (agent or seller out of town, technical difficulties, got a better offer, offended by offer, etc.)

If there were no other offers or technical problems and the seller just didn't respond, find out what the seller is looking for in an acceptable offer (short close, as is, asking price, etc.)

Hope this helps.
0 votes Thank Flag Link Mon Jul 20, 2009
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