It can be exciting visiting different houses and selecting the perfect one in which to submit a bid. 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. No big deal; I can do the repairs on my own. 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. It was just unbelievable how smooth it was after the offer was accepted. In the counter, Seller gave Buyer #1 24 hours to respond. Another way is for the seller to accept many different back-up offers. Seller News. When the seller signed the offer, it is subject to the attached counter offer, and NO CONTRACT IS FORMED. Announcements; Seller Town Halls. We signed our closing documents. So yes the seller can accept another offer and/or even make a counter offer to another potential buyer. My Request for Repairs was very simple (three items worth about $300 in parts and handyman labor), but the seller denied it. The only way a seller could change their mind about accepting your original offer is if a new offer was provided to them. Another reason your offer might go unanswered is if it’s too low. Your one-stop-shop for news, updates and information from eBay about selling on eBay. Announcements. "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. “If an offer is far from what a seller expected to receive, many times they won’t respond at all,” says Parnes. This statement is incorrect. And it was just us again. 3 Reject and counter-offer the counter-offer (no contract) The buyer or seller is not obligated to do anything if no contract exists. 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. 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 the only offer my Seller received in a couple of weeks, so my Seller countered Buyer #1’s offer. There are two ways the seller can handle these offers. 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 just received a full-price, cash offer from Buyer #2. There is a downside to back-up offers for potential buyers, though. Sellers may also counter … 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. A counter-offer, just like an offer, may be withdrawn at any time prior to its acceptance. You send an offer and seller can accept it, ignore it, or send a counter offer. No points. Agent left. Yes. If there is another offer already accepted and signed by the seller, you may lose the property to another buyer. Got our keys. They rejected the original offer when they opted to counter-offer. If anyone knows how I can do that please let me know. With help on closing costs from the seller. Buyer #2’s offer is a much better offer than the counter-offer my Seller submitted to Buyer #1. 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. 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. We owe it to our agent and our loan officer, as well as their team. 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