Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

43
Posts
9
Votes
Jaron Smith
  • Amherst, OH
9
Votes |
43
Posts

Seller backed out after accepting deal to accept another offer

Jaron Smith
  • Amherst, OH
Posted

Hey everyone,

I recently had a situation happen that I’m unsure of how and where it went wrong. If you could shed some light on it I’d appreciate it.

I made an offer of 90k on a house listed for 119k. Sellers countered with 115k, I then countered with 100k as my firm offer. The sellers initially countered with 105k, which I didn’t respond to the counter for like 6 hours. My realtor then texted me the following message.

“From listing agent. Will let you know what I hear tomorrow...

I will let lawyer know tomorrow mornin, I will get back with you then, I called the beneficiaries,  both sons, they agreed to 100000 as is , if inspector sees evidence of insects seller will pay for inspection.   lawyer will call probate judge to see if he will sign off of in the mornin”

The following day we didn’t hear from them until my realtor called me and told me they accepted another offer.. now it’s contingent.

Where did it go wrong? Was there nothing binding them to my offer after they accepted it?

Thanks

Loading replies...