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TENNESSEE HOME TEAM, LUXURY HOMES & SUPERIOR SERVICE (Adaro Realty, Inc.)

Answers

Rainmaker
802,216
The Woodland Team North Shore Lake Superior
The Woodland Companies - Grand Marais, MN
Land Specialists

A courtesy.

Nov 24, 2018 09:43 PM
Ambassador
6,949,569
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Good communication is important.

May 25, 2018 08:26 PM
Rainer
231,279
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

no legal requirement to respond. common coutesy ..yes. What comes around goes around.. Thats why we have the clause that gives them x amount of days to respond, or the offer is cancelled.

Aug 23, 2015 03:38 AM
Rainmaker
443,320
Cindy Davis
SD Home Source Realty - San Diego, CA

There is no legal standard that I know of. Common courtesy (which is ot at all common) would be to send the buye's agent an email.

Aug 23, 2015 03:31 AM
Rainmaker
5,586,590
Barbara Todaro
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team

we always respond to every buyer's agent who submitted an offer....win, lose or draw.... it's common courtesy.....

Aug 23, 2015 06:31 AM
Rainmaker
811,699
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I would highly suggest that when an offer is rejected to never ever give a reason for the rejection.  This is not a debate or discussion, it's simply a rejected offer.

Aug 23, 2015 06:01 AM
Rainer
217,010
Sharon Altier
Coldwell Banker Realty - Elmhurst, IL
Luxury Property Specialist, CSC, SFR

On the signature page of our contracts, on the bottom, it notes a signature line/date/time, for Seller to note that offer was presented and rejected.  You can advise agent, in writing, upon presentation of offer, that if Seller rejects offer, your client would like that completed.  Most comply. Our doc notes "Illinois Real Estate License Law requires all offers be presented in a tiemly manner, Buyer requests verification that this offer was presented.  Seller rejetion:  This offer was presented to Seller on ___, 20__,at __:am/pm and rejected on ___, 20__, __am/pm."

Aug 23, 2015 05:05 AM
Rainmaker
1,466,267
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Daniel W. Hayes There is no legal requirement her. As a professional courtesy, I send back the offer saying it was rejected by the seller.

Aug 23, 2015 04:14 AM
Rainer
150,769
Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

None that I am aware of

Aug 23, 2015 03:46 AM
Rainmaker
948,339
Jeff Pearl
Realty One Group Capital / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It's not required in VA, but many agents just have the seller initial the 1rst page of contract and send it back which is suppose to confirm that seller saw the offer. With multiple offers, agents here usually alert all agents that submitted offers were received, and specify a date they will be reviewed by sellers. This gives agents that submitted low offers a chance to make revisions if they know their buyer can go up on price or otherwise improve their offer and chances of getting it acccepted. Many agents use " Highest and best' in that situation so they don't have to be dealing with multiple counter offers.

Aug 23, 2015 03:41 AM