Home Buying in 11552>Question Details

Vinny, Other/Just Looking in

I saw a house threw the Listing Broker and gave her my offer. Does she have to let know if there is a counter offer?

Asked by Vinny, Sun Feb 3, 2013

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Thomas Brady’s answer
Hi Vinny, if the seller chooses to make a counter offer than yes the agent would be obligated to notify you. Not all owners make counter offers, and somertimes will accept a different offer without giving you the chance to raise your offer. This is why it's best to work with a buyer's agent that can guide you through the whole process and help you avoid some of the pitfalls involved.
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
#1 Listing & Selling Brokerage in NY
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
1 vote Thank Flag Link Sun Feb 3, 2013
If the seller wishes to counter offer, yes....you really should be asking the agent your question...
1 vote Thank Flag Link Sun Feb 3, 2013
Hi Vinny,

Yes, the listing broker should let you know whatever the owner's response to your offer is, whether it is accepted, rejected, countered or the owner chooses to not even respond. Gail is correct when she suggests working with a buyer's agent. They will provide you with information you need to make good decisions regarding your purchase and work in your interest to get the best deal.

Michael Richman
Licensed Real Estate Associate Broker
KIAN Realty
450 7th Avenue Suite 1501
New York, NY 10123
212-757-8268 x220
Email mrichman@kianrealtynyc.com
0 votes Thank Flag Link Mon Feb 4, 2013

She should be letting you know of all or any responses. How long has it been since you submitted an offer?

It is always good to engage a Realtor to be your buyer's representative. It does not cost you anything and may save you a great deal.

0 votes Thank Flag Link Sun Feb 3, 2013
You should have some type of response, even if to say that the owner doesn't want to counter offer. If the agent isn't responding then try speaking to the broker.

Jacques Ambron CRB SFR CBR BPOr
Madeleine Realty Ltd.
108-23 Ascan Ave
Forest Hills, NY 11375
0 votes Thank Flag Link Sun Feb 3, 2013
Yes, call her and ask if the seller accepted the offer. Also ask who she is representing, you or the seller.
0 votes Thank Flag Link Sun Feb 3, 2013
Hi Vinny,

If you gave an offer to the agent, it doesn't matter if it is a listing agent or
another agent, there should be some kind of response in 24 hours.

Whether it is accepted, rejected, or there is a counteroffer.
it might be that the house is in foreclosure or is a short sale, then you have
an bank/institution that you are dealing with and it probably will take longer.

Good Luck,
Camille Dandola
C21 American Homes, Levittown, New York

0 votes Thank Flag Link Sun Feb 3, 2013
It is always in your best interest to have representation through a buyers broker instead of going directly to an agent. You can but everything you say to the agent is provided to the seller.

Over the last 26 years the industry has made changes that allow us to work for (only for) a buyer. Prior to 1994, real estate agents always worked for the seller, even when they had their brother in the car looking at homes.

With buyer’s agency we now can work for you, to ensure you purchase the best home at the best price. As a buyer agent, my total responsibility is to you! This means agents have to be very careful in how they handle information, what they say to agents that could hurt your position and to focus their attention to what you need.

The commission is always paid for by the seller even if the home is being sold by a builder. Having a buyer agent working for you should never cost you a penny! And yes we work as buyer agents.
0 votes Thank Flag Link Sun Feb 3, 2013
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