I made a bid on a house and supposedly there were 2 other offers (or so the story goes...) and Coldwell Banker rejected my offer and did not counter. She said "my offer was the lowest and needs to be higher". Seems like Coldwell Banker does not have the Seller's best interest especially when I am a qualified buyer. I don't have time for this BS.
2007-07-12 13:52:40 · 8 answers · asked by Mpups 1 in Business & Finance ➔ Renting & Real Estate
If they accepted one of the other offers they can't counter with you. The seller is the one who decided yes/no, not the agent.
There are lots of houses, move on.
2007-07-12 14:00:34 · answer #1 · answered by Landlord 7 · 1⤊ 0⤋
They are not required to counter and usually won't if there are much better offers on the table. It is reasonable to assume that another offer was good enough that it was accepted by the seller without making a counter offer.
This happens quite often especially if you are in a very hot market. There are several areas where only offers above asking price are even considered. Do some homework and find out what is normal in your area. It will save you time in the future.
2007-07-12 21:03:59 · answer #2 · answered by Heather 3 · 0⤊ 0⤋
There is no rule saying that an offer has to be countered instead of outright rejected. If there were two other offers, which I suspect there really were if no counter offer was made, you do not have any right to know what they are. Only if there were no other offers and CB led you to believe there was and yours was the lowest would there be an ethical problem.
2007-07-12 21:03:21 · answer #3 · answered by Brian G 6 · 1⤊ 0⤋
The seller's best interest is to get the most money under the best terms.
Coldwell Banker didn't reject your offer -- the seller did.
2007-07-15 22:31:09 · answer #4 · answered by rochelletherealtor 2 · 1⤊ 0⤋
The other two offers were most likely higher than yours - and those people who made the offers are probably just as qualified to buy as you are, if not more. If you want it badly enough, offer more, if not, move on.
2007-07-12 22:54:30 · answer #5 · answered by Cookie On My Mind 6 · 1⤊ 0⤋
It's not considered ethical for them to inform you of the amount of the other offers in what amounts to a closed auction.
2007-07-12 20:59:45 · answer #6 · answered by Irv S 7 · 0⤊ 0⤋
the other 2 offers were above asking price.
2007-07-12 20:56:22 · answer #7 · answered by charlotte q 2 · 1⤊ 0⤋
Make another offer.
2007-07-12 20:56:21 · answer #8 · answered by dpepperdrinker 5 · 0⤊ 0⤋