NY state Associate Broker
Keller Williams Landmark II
"they were going w/other bidder..."
That means that the Agent hung up on your call, and called the "other bidder"; he would have a written acceptance in his hand, and their Contract was started.
If you were the "other bidder", what would you do if you had been told YES, and then, a day later, he came back and said that you didn't get it?
It is time to move on.
Good luck and may God bless
Remember this is a buyers market and you are most def in the drivers seat. Don't get too emotional as there are sooooo many deals out there and if this falls thru, you will most certainly find another home that suits your needs!
Keep us posted and good luck!
Home buying requires successful negotiations with the seller. Presenting an offer with multiple offers can be challenging. A buyerâ€™s agent can follow up with the listing agent to find out what is happening when there is a delay in response from the seller. There can be many reasons why a delay occurs.
If the seller accepts another offer, the buyer can present a back up offer. Your agent can prepare and send a back up offer over to the listing agent. Even if the seller chooses to not consider a back up offer, the listing agent will have the back-up offer in the file in case the original offer falls apart.
Real estate negotiations require good communication and patience. Prepare the best offer that you can and hope for the best. If his home doesnâ€™t work out, there will be another home on the market that will. Best wishes in your home search!
Prudential California Realty
I am not sure if you have your own agent representing you, however next time hire a Realtor to represent you, and your interest..
Ask 1st buyer's contract signing status, if signed and when...Good Luck
" They came back again and said that they were going to go w/ other bidder"
It appears as though you ignored this statement and submitted another bid. Now, your actions are an attempt to derail the 'other bidder' in what may indeed be an already signed and accepted contract. As Scott pointed out, there are many ways to add more value to an offer, but coming in too weak initially often results an unflattering label on your subsequent offers culminating in the experience you are sharing today.
Ask about a back up position if this is the home you really want.
Best of success in buying your new home.