Home Selling in Dallas>Question Details

Aj, Home Seller in Dallas, TX

i'm in TX...there has been no response to my counter offer after 4 days...i have other offers...can i rescind or retract the counter i made and?

Asked by Aj, Dallas, TX Mon Jan 2, 2012

how?

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11
Yes you can but this is really an answer your Realtor should be giving you. In this situation you should be in constant communication. You may want to withdraw the offer and have the other interested parties submit their best offer and go with one of those.

Call your agent and get them working for you!!

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
listings@dongroff.com
0 votes Thank Flag Link Sun Jan 8, 2012
Your Realtor who is representating you is the professional to assist you.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Tue Jan 3, 2012
TALK WITH YOUR REALTOR AND NOT US or whoever submitted your offer.

It is a violation of the Realtor Code of Ethics in Texas and unprofessional for another Realtor to give advice or information to the principle (buyer or seller) when they have a Realtor already working for them.

Again, TALK WITH YOUR REALTOR.
0 votes Thank Flag Link Tue Jan 3, 2012
In writing you should be able to do so..... And in the future remember to work with an experienced Realtor....
to guide you through a multiple offer situation. You can and cannot tell the other side that you have other offers,
I usually encourage my sellers to do so and then ask each one of the potential buyers because there are
other offers, to present their best and highest offer. In today's market you are in an exceptional situation to have several offers.

But be careful! The price is not all to consider when considering the offers, down payment, a lender's pre-approval, closing, do they have anything to sell etc. etc. You should make sure to have an experienced
professional and Area Realtor on your side....

when making counter offers, do them in writing and you can give them a time limit if you want to go to another offer if your counter will not be accepted by that particular potential buyer (remember as you and lucky at this time have several offers at hand, buyers can continue looking at other properties......)

I hope you will involve a Realtor and an experienced real estate attorney to protect yourself and your interests.

Good Luck a happy 2012
Edith YourRealtor4Life~! and your Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, buyers, sellers and investors alike....
Edith Always goes the X-tra Mile with a Smile for her clients!
Referrals of your friends, family and acquaintances are always highly appreciated
htttp://www.tinyurl.com/MeetEdithHere
0 votes Thank Flag Link Tue Jan 3, 2012
Yes, you can. One said they didn't think it was in good form, but if it's been 4 days, then form has flown out the other side's window. Make sure you rescind in writing and deliver it to the address on your contract that tells you where notices are supposed to be sent to each side. After 4 days they may have just moved on, so I wouldn't blame you for doing that yourself. Good luck with your new offers!
0 votes Thank Flag Link Mon Jan 2, 2012
Hi AJ,

From the question, I believe it sounds like you do not have an agent helping you with the sale of your home, at least it would appear so.
An experienced agent will navigate you through a mutiple offer situation as you descriped properly and help you realize a maximized price. You definitly need to be careful and not sell your house twice with a counter still outstanding. I hope that helps and If I can answer any further questions please let me know.

Debbie Ingram
Web Reference: http://www.debbieingram.com
0 votes Thank Flag Link Mon Jan 2, 2012
It may not be in good form, but you can withdraw from any deal that has not been signed by both parties. If a counter has been made but not accepted, there is no deal (not yet) and both parties are free to look for something better.

As others have suggested, it is often better to put in an expiration date with both offers and counters, so everyone knows where they stand.
0 votes Thank Flag Link Mon Jan 2, 2012
It is always advisable that you request a response to any Offer or Counter-Offer within a specific period of time say 48 hours. That way the Parties are not left 'hanging.' If there has been no response to your Counter Offer - you merely need to have your Agent send notice to the Buyers Agent that you are terminating your Counter-Offer. So the short answer is YES, you can rescind and retract the Counter-Offer you made at any time - but you MUST give written notice thereof.

If you have other Offers on the table and it's been 4 days with no response - I would terminate your Counter-Offer promptly so that you can 'entertain' those other Offers and enter into Negotiations with them.
Do NOT however enter into negotiations with the other Offers before you've withdrawn your Counter however
first.

Hope it helps !
Jay Narey ABR, ALHS
Keller Williams - Preston Rd.
Web Reference: http://www.jaynarey.com
0 votes Thank Flag Link Mon Jan 2, 2012
Hi Aj,

I'm not sure about the Counter Offer forms in TX but in CA we have an expiration date on them. If the buyer doesn't sign the Counter Offer by that date, the Counter Offer is 'dead'. Talk to your Realtor and see if this is the case in TX and if you need to do an 'official' withdrawal of your Counter Offer. You shouldn't be expected to wait for an undetermined period of time - especially if you have other viable offers.

Good luck.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
0 votes Thank Flag Link Mon Jan 2, 2012
Sure you can. Talk to your agent he/she should have the forms.
0 votes Thank Flag Link Mon Jan 2, 2012
Your agent should have the form.
0 votes Thank Flag Link Mon Jan 2, 2012
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