Rentals in 33328>Question Details

MissLilly, Renter in Fort Lauderdale, FL

Rental pricing: We made an offer for a rental, was accepted and no contract after 7 days.

Asked by MissLilly, Fort Lauderdale, FL Wed May 8, 2013

We were interested in a rental listed for $1,800/mo.
Offer- per our relator has been submitted for $1,700/mo and accepted.
4-5 days after the "accepted" offer our relator submitted the application to the HOA and same day the unit was listed for $1,700/mo.
7 days after the "accepted" offer our realtor is saying that the listing agent is holding on and waiting for higher offers.
In and between all this, our realtor got into an argument with the listing agent.
Is it possible and acceptable that we have an accepted offer that a listing agent wouldn't contract due to a disagreement with our realtor and "wait" for higher offers? However, our best and final is exactly the revised and reduced asking price???
I am posting this question to learn and avoid possible future run-arounds and potential realtor-scams...
Thank you!

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Thank you :)))

We have a new realtor, hopefully at this time will work :))
0 votes Thank Flag Link Tue May 14, 2013
Sometimes the process of making offers, negotiating and getting offers fully executed in writing can be a lengthy and confusing process for the parties. In dealing with rentals, in South Florida, we use a Contract to Enter Into a Lease. This contract must be fully executed (signed) by both the Tenant and the Landlord with a deposit from the Tenant in order to be considered anaccecpted deal. Then the transaction is contingent upon the actual signing of a lease. Other factors like credit review, HOA and condo approvals can also play into the final approval as well. Many times a lease takes weeks to get signed when the occupancy date is further off in the future. We like to see them signed soon after the contract so should there be an unreasonable issue in the Landlord's lease we have time to work it out. If a contract is fully executed by both parties, it is not usual for a Realtor to continue shopping for a higher price.
0 votes Thank Flag Link Thu May 9, 2013
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