Home Buying in San Antonio>Question Details

R. Rios, Home Buyer in Texas

An agen has a lot for sale. I have put in a cash offer but he is taking too long to give me an answer.

Asked by R. Rios, Texas Thu Dec 20, 2007

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In Texas, the law doesn't require that the Seller acknowledges an offer. Agents are required to submit all offers to their sellers, though. The only time period you can put on your offer is how long it is valid. Follow Bruce's advice and then you might try and contact the Broker and see if you can get a response. Your agent, if you hired one, should be doing all of this for you.
0 votes Thank Flag Link Sun Jan 20, 2008
"too long" is undefined, but one thing you might do is request an acceptance/rejection letter signed by the seller. That way you can help ensure it was seen by the seller. You could also have your agent contact the other agents broker to request a response. Responses even if requested are not required, but a courtesy in the business. In my opinion if they are not interested, they should let you know and know the reason. Sometimes I get offers that are quite low and the bank client sellers won't respond to them, but we do send some kind of response to the person making the offer. It might say something to the effect that we have received your offer have forwarded it on to the client and they will respond if they are interested. If they don't respond, then you might consider a higher offer.
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0 votes Thank Flag Link Thu Dec 20, 2007
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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Was there an expiration on the offer? The standard forms that we use will normally have a response date for the seller. I would just keep trying to contact him if you'd like to work things out.
0 votes Thank Flag Link Thu Dec 20, 2007
How do you define "too long"?

Your offer should have had an expiration date on it--48 hours, 72 hours, etc. If it did, and if that time has passed, then your offer is dead.

If your offer didn't have an expiration date on it...it should have. Withdraw your offer, and resubmit a new one with an expiration date. And consider whether you want to offer more, the same, or less than your initial offer.

You say "An agent has a lot for sale." I assume you mean an agent is representing a seller with a lot for sale. (Though you know what they say about assuming...) Did YOU have an agent representing you? Hopefully yes. If so, ask your agent to check with the other agent to find out the status of your offer.

Good luck.
0 votes Thank Flag Link Thu Dec 20, 2007
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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