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A counter-offer, just like an offer, may be withdrawn at any time prior to its acceptance. Agent left. In the counter, Seller gave Buyer #1 24 hours to respond. My Request for Repairs was very simple (three items worth about $300 in parts and handyman labor), but the seller denied it. Another reason your offer might go unanswered is if it’s too low. If a contract is only being negotiated but has not been counter-signed by the seller yet, then a seller is free to accept another offer. I want to contact the buyer after he did not accept my counter-offer, but I have not been able to find a way to contact the buyer. The only way a seller could change their mind about accepting your original offer is if a new offer was provided to them. No points. We owe it to our agent and our loan officer, as well as their team. Announcements; Seller Town Halls. It can be exciting visiting different houses and selecting the perfect one in which to submit a bid. And it was just us again. If there are multiple offers, the listing agent will lay out the options for their client and then notify all buyers’ agents of the choices. They rejected the original offer when they opted to counter-offer. "If they submitted a fully legal counter offer to you with all the necessary signatures and initials then they may be obligated to wait a period of time to hear back from you." If there is another offer already accepted and signed by the seller, you may lose the property to another buyer. Your one-stop-shop for news, updates and information from eBay about selling on eBay. With help on closing costs from the seller. We had our rate locked in. As a home buyer, if you make an offer below list price, the seller may choose to reject, accept or simply let the offer expire. Announcements. 3 Reject and counter-offer the counter-offer (no contract) The buyer or seller is not obligated to do anything if no contract exists. I just received a full-price, cash offer from Buyer #2. After that, it was just a waiting game. There is a downside to back-up offers for potential buyers, though. There are two ways the seller can handle these offers. The mood can turn sour quickly if your offer to the seller is rejected. We signed our closing documents. So yes the seller can accept another offer and/or even make a counter offer to another potential buyer. It was the only offer my Seller received in a couple of weeks, so my Seller countered Buyer #1’s offer. You send an offer and seller can accept it, ignore it, or send a counter offer. This statement is incorrect. Yes. Buyer #2’s offer is a much better offer than the counter-offer my Seller submitted to Buyer #1. No big deal; I can do the repairs on my own. Sellers may also counter … After the seller signed my written offer, the seller changed their listing to "Back Up Offers" and the listing agent continued to show it to other buyers. Got our keys. You get three chances and then you'll be blocked from making further offers but can still buy the item at the buy it now price. In fact, a seller is free to accept another offer even if the buyer has signed the contract and handed over an earnest money check as long as the seller has not counter-signed and thus fully executed the contract. It was just unbelievable how smooth it was after the offer was accepted. “If an offer is far from what a seller expected to receive, many times they won’t respond at all,” says Parnes. One way is to accept the next best offer and make it official with a signed contract with the contingency that the original buyer backs out. Another way is for the seller to accept many different back-up offers. If anyone knows how I can do that please let me know. If the offeree wants to accept the counter-offer, he must do so before the expiration. 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