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. In the counter, Seller gave Buyer #1 24 hours to respond. If the offeree wants to accept the counter-offer, he must do so before the expiration. 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. This statement is incorrect. Announcements; Seller Town Halls. 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. Sellers may also counter … The mood can turn sour quickly if your offer to the seller is rejected. 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. There are two ways the seller can handle these offers. No big deal; I can do the repairs on my own. "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." We had our rate locked in. There is a downside to back-up offers for potential buyers, though. It was just unbelievable how smooth it was after the offer was accepted. Agent left. Buyer #2’s offer is a much better offer than the counter-offer my Seller submitted to Buyer #1. I just received a full-price, cash offer from Buyer #2. No points. With help on closing costs from the seller. It was the only offer my Seller received in a couple of weeks, so my Seller countered Buyer #1’s offer. 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. Once oyu have the counter offer you can make another counter offer which the seller can accept, ignore or counter again. The only way a seller could change their mind about accepting your original offer is if a new offer was provided to them. They rejected the original offer when they opted to counter-offer. Similarly, unless you put down the verbal agreement on paper and get it signed by the seller, you cannot enforce the agreement, and the seller can accept another offer. My Request for Repairs was very simple (three items worth about $300 in parts and handyman labor), but the seller denied it. Seller News. You send an offer and seller can accept it, ignore it, or send a counter offer. Yes. We owe it to our agent and our loan officer, as well as their team. A counter-offer, just like an offer, may be withdrawn at any time prior to its acceptance. “If an offer is far from what a seller expected to receive, many times they won’t respond at all,” says Parnes. 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. 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. 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. And it was just us again. It can be exciting visiting different houses and selecting the perfect one in which to submit a bid. Another reason your offer might go unanswered is if it’s too low. So yes the seller can accept another offer and/or even make a counter offer to another potential buyer. We signed our closing documents. Got our keys. Another way is for the seller to accept many different back-up offers. When the seller signed the offer, it is subject to the attached counter offer, and NO CONTRACT IS FORMED. After that, it was just a waiting game. 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