What would you do in this situation?Agent really dropped the ball

[Robert Fountain]

My brother in law and I have been trying to purchase a rental for a few months now but we have been having trouble getting bids accepted.

A few days ago we put in a bid on a short sale house last Friday.  The sellers countered back yesterday at full price.  We countered again with our best and final and they accepted.  All is great, we're on our way to getting the house.  We signed the amended offer and that was it

Today I get an email from my realtor stating that the seller's agent called her yesterday afternoon and said there was another offer coming in and that they were going to wait for that.  At this point we're not happy.

1.  My realtor got this info yesterday afternoon and she didn't contact us until 1:30 PM today.  That's almost 24 hours later.  By this point, the sellers have had enough time get the other offer and then counter that and compare

2. This practice seems a bit unethical by the selling agent.  We had a verbal acceptance and we signed the contract.  I would think that's binding.  At the very least it's very unethical to verbally accept and offer while still entertaining others.

What would  you do in this situation?  I feel that MY realtor really dropped the ball here.  I think she should have called us the moment she got the call and told us as well as tried to work this out with the selling agent.  Should I be looking for a new agent here?