G
gruthman
Guest
What is the name of your state? New York
This morning a seller accepted our offer on their property. They have faxed our offer back to us signed off.
This afternoon another bidder came forward - their agent forced the issue contacting the seller's agent's manager telling them that according to New York real estate law all offers must be presented to the seller. Furthermore, the offer was not "final" because the seller's attorney and my attorney had not sealed it up (not a legal term here - my language).
I think the thrust of it was that the seller's attorney can still cancel our accepted offer. - that we were only "pending" and not "in contract" until both of our attorneys were done - and that by law the seller's agent MUST present other offers while it was "pending".
All this, of course, was AFTER my agent got the fax with the seller's signature on my offer.
My agent expressed fury - (personally, I'm not even sure if this isn't a scam) - we are now preparing a new offer at fully ten thousand dollars over the original, "accepted, signed" deal.
How do I even know that the "other bidder" wasn't the brother of the owner ? How do I even know that my agent was looking out for my best interest- knowing as she did that I was ABLE and willing to bid higher ?
What is going on ? Do I need a lawyer ?
Of course, this information comes to me at 10:30 on a Sunday night, just the time when I'm least likely to pick up the yellow pages and ask the advice of a lawyer or another agent.
This morning a seller accepted our offer on their property. They have faxed our offer back to us signed off.
This afternoon another bidder came forward - their agent forced the issue contacting the seller's agent's manager telling them that according to New York real estate law all offers must be presented to the seller. Furthermore, the offer was not "final" because the seller's attorney and my attorney had not sealed it up (not a legal term here - my language).
I think the thrust of it was that the seller's attorney can still cancel our accepted offer. - that we were only "pending" and not "in contract" until both of our attorneys were done - and that by law the seller's agent MUST present other offers while it was "pending".
All this, of course, was AFTER my agent got the fax with the seller's signature on my offer.
My agent expressed fury - (personally, I'm not even sure if this isn't a scam) - we are now preparing a new offer at fully ten thousand dollars over the original, "accepted, signed" deal.
How do I even know that the "other bidder" wasn't the brother of the owner ? How do I even know that my agent was looking out for my best interest- knowing as she did that I was ABLE and willing to bid higher ?
What is going on ? Do I need a lawyer ?
Of course, this information comes to me at 10:30 on a Sunday night, just the time when I'm least likely to pick up the yellow pages and ask the advice of a lawyer or another agent.
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