Profile picture for user6396208

Isn't the protocall when offering on a home that the offer be given to the seller's agent to be

immediately given to the seller. Is it customary to present numerous offers at the same time for the seller to choose the highest/best offer?  Seems unfair to the original/first offer.  This is a home in probate if that makes a difference.

  • July 22 2012 - Red Bluff
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (9)

You must put an expiration time of your offer on the contract you submit.  This will ensure that the seller does not hold your contract to put you in a bidding war with an offer they have not received yet.  I typically advise my buyers to give the seller until 5pm the following business day.  My other advice would be to always offer your "highest and best" on any home you want to purchase.
  • July 23 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

There really are no rules per say. Sellers are free to look at and respond to what offer and when as they choose. What you really hope for is that the process be done fairly and honestly. Always work with a "buyers agent" who will help you thru the process and ensure you have the best chance at getting the right house for the best price.
  • July 23 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

It depends.  If your agent submitted an offer with a deadline to respond, then they should present your offer to the sellers within a timely fashion.  It is possible for them to receive multiple offers on a property and present them at the same time.  This is not unheard of.  It then becomes the sellers' decision who they want to work with based on price, terms, etc.

Good luck!
  • July 23 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I disagree with a comment below.........

Offers do not have to be presented to the sellers in the order they come in, and yes, it is common that multiple offers are presented at the same time.

It is the seller's prerogative, after consulting with their agent, to determine how and when they want to hear offers.

I had a listing that I knew would get immediate attention and offers. Buyers' agents were told at our Thursday broker open house,  that we would be looking at all and any offers after the weekend.
This gave agents a chance to show this new listing and have their buyers not feel rushed to make a quick decision.
One agent already had a signed offer, and she held it, as per our request, until the designated day.

Sometimes agents try to take control and choreograph how things play out, when, truthfully,  they should first  inform the sellers of their rights and let them decide after discussing their options along with the pros and cons..
  • July 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

One of the best things that a buyer can do when preparing an offer is to put an expiration date on their offer.  In this way, there is a greater sense of urgency to respond to the offer in a timely manner.  This works best when you are negotating with a seller vs. a corporation/bank or foreclosure. 
  • July 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for nwhome.us
Congratulations on being the first offer into the listing agent.  Keep that strategy up and you will get a home.
As to what seems fair?  To whom?  The seller? Keep in mind that, as others have described, it its the seller who is running the show on the other side. If they feel that it is in their best interest they can even direct the listing agent to disclose to every bidder what the bids are.  Now it's fair; everyone knows the price they have to beat. That's fair.
  • July 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Dear User,
Offers are to be presented in the order received by the Listing Agent. It's not unusual to get many  offers on a home that is well priced and/or distressed. The owner will accept the highest and best offer in this case.
  • July 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for wetdawgs
The seller has the option to review a number of offers at the same time.   We once made an offer on a house and would told that the seller would take all offers for four weeks before making a decision.  (We withdrew our offer)
  • July 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for hpvanc
That should be the seller decision.  There is absolutely no reason the seller cannot give instructions to their agent that offers will be accepted until some date, and review all of the offers at that time.  If the seller and sellers agent are being forthright about it (since you have been informed, they are), I see nothing wrong with it.
  • July 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.