Selling Agent Delaying Buy

[David Allen]

I'm currently in the middle of attempting to buy a property. The property was priced right and I wanted to lock in the sale so I made a full price , all cash offer with a short response time. No response within time. The selling agent has been delaying and stalling - after four days selling agent requested that I present "Best and Highest Offer" I once again offered full price, all cash offer - still no answer. I know I'm being used to try and get a higher bidder. But these stall tactics seem unethical and maybe worse. I do want the property and someone else will eventually come along and offer more so I don't want to play games like submitting a lower offer than before. Is there anything I can do now? and when this is over should a complaint be filed against this realtor ? and would that complaint be valid?

[Kiersten Vance]

Hi David.

Do you have an agent representing you? Typically the "selling agent" represents the buyer and the "listing agent" represents the seller. When you say selling agent, I assume you mean the listing agent is stalling and waiting for a better offer. Has your agent given you comps on the property? Have they spoken with the listing agent to ask whats going on? You may need to submit a higher offer to get it accepted. The listing agent and seller do not have to accept your offer or counter it, even if you think it is a really good one. I was in several of these situations with my clients and the sellers asked for highest and best even after we submitted full price. It's frustrating, but it is within their rights.

Best of luck!