Question Details

Cm, Home Buyer in Los Angeles, CA

Is there a maximum allowable time for the seller's realtor to submit an offer to the seller upon receiving?

Asked by Cm, Los Angeles, CA Fri Feb 8, 2008

such offer from the buyer's realtor? This is in California.

Help the community by answering this question:

Answers

2
Cm-I am a licensed Realtor in GA and I am not familiar with CA real estate practices; however, for what it's worth to you, most offers will have a time limit. Therefore, time is of the essence and it is incumbent upon me to timely present all offers (written or verbal) to my client.

I typically alert my seller clients by phone just as soon as I learn that an offer may be presented or once one is received by my office. Then, I schedule an appointment to meet with them to go over the offer in-person or, in some cases, I fax the offer over to their office or home and we discuss it over the phone. In some cases, there may be multiple offers coming in. In such instances, with my seller's consent, I notify all bidders of such fact and specify a time that we will present all of the offers. This allows my seller client time to review & consider each offer as well as solicit highest & best offers from all bidders.

Did you present an offer and have not heard anything back from the seller's Realtor? Do you have a buyer's agent representing you and you alone in the transaction? Did your offer contain a time limit? Regardless, I wish you the best of luck obtaining a prompt answer on your offer.
1 vote Thank Flag Link Fri Feb 8, 2008
Vicki Masell…, Real Estate Pro in Duluth, GA
MVP'08
Contact
It must be presented as soon as practicable. Ted is correct in that "time is of the essence". Maximum allowable time? There is not a California Code that relates to offer presentation time frames that I am aware of.

Presentation of the offer could be in any form: Via fax, in person, via telephone, post or e-mail. You may not even receive a reply to your offer. A seller has no legal obligation to respond to an offer.
0 votes Thank Flag Link Sat Feb 9, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer