Not all offers receive a counter offer. Sellers are NOT obligated to counter an offer. Here are some instances where you might not get a counter:
1. Your offer is significantly below the seller's desired price. I have seen sellers "get insulted" by low offers and refuse to respond to them.
2. There are multiple offers and the seller accepts another offer.
3. The listing is a short sale and it is clearly stated that further offers will be held in backup postion in case the current offer is rejected or the buyer decides not to purchase the property.
There are many more examples of why you would not receive a counter offer. Hopefully, in any or all of the above cases, the listing agent will have the courtesy to contact your agent and let them know the status of your offer. Unfortunately, that is usually not the case if the listing is a bank owned property (aka REO).
If you have written a reasonable offer and have not heard from the listing agent, have your agent follow up on your offer. That is the only way you will know where you stand. Good luck with your home purchase and Dare to Dream.
Shel-lee Davis, QSCÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
Short Sale & Foreclosure Resource â€“ SFRÂ®
Certified HAFA Specialist â€“ CHSÂ®
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty