if i put an offer for a house but when the realtor tried to submit it says that the house is temp off market does this mean that my contract is done?

Asked by Pearl1985, 33409 Fri Feb 17, 2012

do i have to specifically ask for the contract to be terminated and make sure its cancelled? when the house is back on market can the realtor hold the contract as being still valid or is a separate offer to be made?

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Danielle Sha…, Agent, Cape Coral, FL
Fri Feb 17, 2012
Until the seller has signed your offer, it is not a contract. There is no legal, binding arrangement between you and the seller to purchase the property. What you can do is have your agent discuss the likelihood of holding your offer until it is back on market with the list agent.
2 votes
Bob Brubaker, Agent, Lake Worth, FL
Fri Feb 17, 2012
If you never received a signed contract back- there is nothing to cancel . As the property
is " off the market" it seems unclear that there is anything to wait for.
The dates,contingencies and possibly terms are going to be different even if a similar
offer would be considered. Best to get your deposit back and have your agent stay in touch
with both you and the selling side. Keep yyour funds handy and make sure any
pre-approval for a mortgage is up-to-date. This way you are ready to go if the situation
changes but not " bogged -down " on "hold " . Best of Luck !

Web Reference:  http://pbc-realcam.com
1 vote
Antonio Vega…, Agent, Saint Cloud, FL
Fri Feb 17, 2012
All contracts have a responce time built in. Unless you have in your hands a contract signed by the seller within that responce time, ther eis no contract to worry about.

If the home was placed "temp of market" before your offer was submitted it was probably not even looked at by thr seller.

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Tony Vega
Charles Rutenberg Realty
1 vote
Terri Vellios, Agent, Campbell, CA
Fri Feb 17, 2012
Your contract probably has a timeline for the seller to respond. Just because it is temp. off market, doesn't mean you can submit an offer to the seller. Ask your agent to contact the listing agent and get you more information.

All the best to you.
Web Reference:  http://www.terrivellios.com
1 vote
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