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Updated over 3 years ago on . Most recent reply

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Desmond Smith
  • Brooklyn, NY
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Can a residential seller present a signed AOS to a buyer?

Desmond Smith
  • Brooklyn, NY
Posted

Hello, everyone.

I am trying to purchase a residential investment property from a finicky seller. We reach several verbal agreements, but they never return a signed AOS with those terms or submit counter offers. Some time passes after the AOS expires, and they will ask for a new offer (which they do not sign or counter).

We are on the third iteration of this loop and I assume they are just using the offers as negotiating tools to attempt to engage in a bidding war with other potential buyers.

My AOS's have all expired and I am not interested in writing anymore offers. Instead, I am considering asking the seller to present me with a signed offer when they are serious.

This may be an unconventional approach, but is it possible and/or reasonable? I'm in PA. 

Any other ideas? Thank you!

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

It makes sense to me, they’re either serious or they’re not. I’d fill one out leaving the contract date blank and tell them when they’re serious to fill in the date, sign and send it to you. The right mood/motivation may hit them one day. 

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