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  #1  
Old 05-06-2009, 04:52 PM
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I made my offer giving the asking price.

What is the name of your state (only U.S. law)? Oregon

I made my offer for the full asking price for a property. I put down $1000 earnest money and 6 weeks later I got two lines in email back that I lost the offer. No explanation, no chance to offer perhaps more, nothing. My question is. 1. How do I know that my agent sent my offer to the seller's agent. 2. How do I know the seller's agent got my offer? 3. How do I know if the seller's agent presented my offer to the seller, which is a bank? 4. How do I know the seller's agent simply do not like me and excepted an other offer because of any reason? I do not know the law, but something not right here. Anybody has any advice?
  #2  
Old 05-06-2009, 05:00 PM
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Quote:
Originally Posted by rege View Post
What is the name of your state (only U.S. law)? Oregon

I made my offer for the full asking price for a property. I put down $1000 earnest money and 6 weeks later I got two lines in email back that I lost the offer. No explanation, no chance to offer perhaps more, nothing. My question is. 1. How do I know that my agent sent my offer to the seller's agent.



**A: request confirmation in writing from the principal broker.


##########
2. How do I know the seller's agent got my offer?


**A: see #1 .


############
3. How do I know if the seller's agent presented my offer to the seller, which is a bank?


**A: see #1.


#########

4. How do I know the seller's agent simply do not like me and excepted an other offer because of any reason? I do not know the law, but something not right here. Anybody has any advice?


**A: you would not know.
  #3  
Old 05-06-2009, 05:01 PM
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There was no contractual obligation to accept your offer. Period. Even if, and, or but.
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  #4  
Old 05-06-2009, 05:09 PM
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Originally Posted by Zigner View Post
There was no contractual obligation to accept your offer. Period. Even if, and, or but.
**A: and that's a big but.
  #5  
Old 05-06-2009, 05:12 PM
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Quote:
Originally Posted by HomeGuru View Post
**A: and that's a big but.
I've been working out...really, I have!
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The information I gave is based on my 7 seconds of research on Google. Review the information yourself to make an informed decision.

Communication is KEY - 10 mins of talking now can save you months of headaches later!

Masterfully stating the obvious to the oblivious! (Thanks SP!)

Tell it like it is! When all else fails, make up a statistic!

Gender references shall apply equally to the other gender. I will not correct gender mistakes (unless I want to)
  #6  
Old 05-06-2009, 05:14 PM
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Originally Posted by Zigner View Post
I've been working out...really, I have!
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Old 05-06-2009, 05:15 PM
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  #8  
Old 05-06-2009, 05:18 PM
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Somebody could have realized it was a good deal, heard that other offers were coming in, and overbid the listing price.

They should have let you know that you lost much earlier, though.
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  #9  
Old 05-06-2009, 05:23 PM
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Quote:
Originally Posted by rege View Post
6 weeks later I got two lines in email back that I lost the offer.
Most offers I've seen have an expiration date and time. If the offer is not accepted within that time frame, the offer is off the table.

When you did not receive an acceptance within the specified time (add a day or two for communications) you should have realized the offer had not been accepted.

How long was your offer good for?
  #10  
Old 05-06-2009, 06:19 PM
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An offer is more than just price. Another offer may have been cash, fast closing, no continguencies for example. I've seen full price offers get rejected, due to other aspects of the contract. If a more acceptable offer came in, they would simply accept it and NOT bother countering back.
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  #11  
Old 05-06-2009, 06:30 PM
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Another possibility is that it could be one of those underhanded things where the seller's listing agent probably got a buyer where he didn't have to split the commission with another agent, unethical but it is done and difficult to prove.

If the Seller had several offers on the table, they can accept which ever one they choose, they do not have any obligation to anyone but to sell their home to the one they feel is the best offer in their eyes, and my guess is that they will usually accept the strongest offer, not necessarily the highest, namely the one with the best credit scores, larger deposit, conventional instead of fha, namely the one with the best potential for the deal to go through.

PS.....6 weeks is way too long to wait to see if an offer was accepted
Last edited by chaotix; 05-06-2009 at 06:33 PM.
  #12  
Old 05-07-2009, 01:06 PM
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All good responses.
  #13  
Old 05-07-2009, 06:33 PM
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Quote:
Originally Posted by rege View Post
What is the name of your state (only U.S. law)? Oregon

I made my offer for the full asking price for a property. I put down $1000 earnest money and 6 weeks later I got two lines in email back that I lost the offer. No explanation, no chance to offer perhaps more, nothing. My question is. 1. How do I know that my agent sent my offer to the seller's agent. 2. How do I know the seller's agent got my offer? 3. How do I know if the seller's agent presented my offer to the seller, which is a bank? 4. How do I know the seller's agent simply do not like me and excepted an other offer because of any reason? I do not know the law, but something not right here. Anybody has any advice?
Your leasing agent has to follow the Real Estates Ethics Code. This basically states they MUST provide and present ANY offer made REGARDLESS of personal opinion. For example if they felt your offer was too low, they could inform you but you would NOT be required to follow their advice. You could simply instruct them to present the offer, and they MUST do so.
If you have PROOF they failed to present the offer, you may have a case against the realtor and realty firm and be allowed legal remedies.
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The landlord should not only be allowed to turn off the water, but he should also be allowed to throw OP into the street.
  #14  
Old 05-08-2009, 12:56 PM
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Quote:
Originally Posted by Who's Liable? View Post
Your leasing agent has to follow the Real Estates Ethics Code. This basically states they MUST provide and present ANY offer made REGARDLESS of personal opinion. For example if they felt your offer was too low, they could inform you but you would NOT be required to follow their advice. You could simply instruct them to present the offer, and they MUST do so.
If you have PROOF they failed to present the offer, you may have a case against the realtor and realty firm and be allowed legal remedies.
**A: correct except this thread is about a sale not a lease but the ethics still apply regardless.
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