Asked by Amanda, Cleveland Heights, OH • Tue Mar 30, 2010
My husband and I found a short sale house for 35,000. the sellers had just lowered the price by 10,000 - originally it was 45,000. We submitted an offer for 3 % higher than asking. The sellers agent is not turning in our offer to the bank because she wants to see if she gets any more offers on the house. Before we looked at the house there was only 1 other showing. Now that the price dropped, They had more showings but no other offers. Obviously she is waiting to see if she gets a higher offer. Is this allowed? It just doesn't seem fair. We submitted our offer Saturday, It is now Tuesday and she hasn't even opened our offer packet. Can she do this? Is there a timeline of how long she has to turn in it?
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