Can a seller accept an expired offer?

Can a seller accept an expired offer?

If the seller accepts it with no changes and signs it before it has expired, the contract is executed and is binding. If the seller signs it after it has expired, while the buyer can choose to honor it, he is not required to.

How long should you wait for an offer to be accepted?

“This gives them the time to think about your offer, sleep on it, and respond.” While 24 to 48 hours is the standard observed by many professionals in the industry, exceptions happen.

What happens if seller doesn’t respond to offer by deadline?

If a seller does not respond, the offer simply expires. It no longer exists. If a seller counteroffers, regardless of when, the original offer is extinguished and the counteroffer becomes the offer from seller to buyer.

Why would a seller decline a showing?

The seller has an odd sleep/work schedule. Shift workers, medical personnel, and first responders all have wonky work and sleep schedules. If the time you want to visit falls squarely into their REM cycle, odds are that they will say no. The listing agent must be present for all showings and they are not available.

Can a seller refuse a showing?

So, Can a real estate agent refuse to show a property? Yes, a real estate agent can refuse to show a property. Meanwhile, the seller’s agent can turn down a request from a buyer, or their agent, to view a home, as well as turning down a request from the seller to show the property to a potential buyer.

Can you deny a house showing?

No, the tenants do not have the right to refuse. California law provides that a landlord can enter a rental unit to show the rental unit to prospective tenants, purchasers, or lenders, to provide entry to contractors or workers who are to perform work…

Can an estate agent refuse to show me a property?

Estate agents aren’t allowed to discriminate against you for a number of reasons. For example, they can’t refuse to show you a certain property because the owner doesn’t want to sell to people of a certain religion or belief. If an estate agent discriminates against you, you can complain to the estate agent’s company.

How many viewings should you have in the first week?

two viewings

What if your realtor lies to you?

If you’re worried your realtor has been lying to you, switch to a Clever Partner Agent. They can help you buy a home, and you may qualify for Clever Cash Back, depending on the state you’re in and the value of your home. That’s money in your pocket after your sale is final.

Can a seller lie about multiple offers?

As everyone else has said, yes they can lie about other offers but if you have an escalation clause that is being used, they need to present the other offer if requested.

What do you do if you don’t like your realtor?

For these reasons, the best way to go about canceling a contract with a Realtor is to simply call the broker and explain your desire to end the contract with their agent. Many reputable brokers who wish to stay in your good graces (and with the community’s) will let you out of the contract.

Can you approach a house seller directly?

Is it illegal to approach a home-seller directly? Just in case you’re wondering, there’s no legal restriction that stops buyers from approaching a home-seller directly, and asking them about selling their home directly, by-passing an auction or estate agent. The home-seller is not breaking any laws, either.

Can seller contact buyers lender?

The seller has the right, through the contract, to contact the buyers lender so as to keep abreast of the loan progress because of the sellers vested interest. The seller, through the listing agent is allowed to ask any question about the loan progress that is non-confidential in nature.

What questions do loan officers ask?

Here are six questions a lender will typically ask you.

  • How much money do you need?
  • What does your credit profile look like?
  • How will you use the money?
  • How will you repay the loan?
  • Does your business have the ability to make the payments required under the loan?
  • Can you put up any collateral?

What should I ask a mortgage lender?

10 Questions to Ask Your Mortgage Broker or Lender

  • Which Type of Loan Is Best for You?
  • What Is the Interest Rate and Annual Percentage Rate?
  • How Much of a Down Payment Is Required?
  • What Are the Discount Points and Origination Fees?
  • What Are All the Costs?
  • Can You Get a Loan Rate Lock?
  • Is There a Prepayment Penalty?
  • How Much Time Do You Need to Fund?

What questions should a real estate agent ask a lender?

10 Questions to Ask a Mortgage Lender: Do You Know Them All?

  • What types of home loans do you offer?
  • What type of mortgage is best for me?
  • What are your closing costs?
  • How much time do you need to complete a mortgage?
  • Do you do underwriting in-house?
  • What documents do I need?

Can a lender recommend a realtor?

A real estate agent has a list of experts such as inspectors, loan officers, or attorneys that they can recommend when needed. When it comes to your mortgage lender, it’s good to ask questions. It’s a mistaken impression that real estate agents get a referral fee from mortgage lenders when they refer business to them.