Renee Paray, REALTOR (Coldwell Banker Preferred)

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Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Renee,

So that is where Steve Harvey got the idea?  Shades of Miss Universe?  I think Susan Emo has the perfect solution.  A

Feb 05, 2016 11:35 PM
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Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

No, I share nothing until the ink is dry on the paperwork!

Feb 05, 2016 11:24 PM
Rainmaker
4,799,651
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No, it hasn't happened yet.  But, I never tell my customers about verbal offers or acceptance.  I wait until I see it in writing.

Feb 06, 2016 03:18 AM
Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

That was an occasional happenstance in the short sale market of 2005-2011 and has happened 1-2 times outside of that. It's the listing agents job to get the best offer, which is not always the highest offer, but the strongest buyer/price/financing/agent combo in my opinion. So, I question the listing agent to get as many facts as they'll reveal, to determine my next move.

Feb 05, 2016 10:50 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I haven't had that happen. How discouraging and disappointing for your buyer. The agent needs to be sure before making that call.

Feb 06, 2016 11:52 AM
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Renee. Most of the time, I'm the seller and not something that I would do.

Feb 06, 2016 06:46 PM
Rainmaker
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 I have to agree with what Susan said.

Feb 06, 2016 05:29 PM
Rainmaker
586,107
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Why in the world would the listing agent make that call if it's not backed up with a signed offer? And if it is signed, I would make sure I get hold of it right away. 

Feb 06, 2016 05:17 PM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Well, unfortunately, they can say whatever they want, only a signed contract is a sufficient proof that offer is accepted. 

Feb 06, 2016 03:00 PM
Rainmaker
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Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Sorry to hear that this happened to you. The agent needs to learn to keep a tighter lip till an acceptance has been signed off.

Feb 06, 2016 02:55 PM
Rainmaker
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

No that hasn't happened to me, but that would suck. 

Feb 06, 2016 01:09 PM
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Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Never.  Just goes to show though, nothing is over until it's signed, sealed and delivered to the other side.

Feb 06, 2016 10:20 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

No, I make sure that when I have heard that that all the papers have been signed

Feb 06, 2016 09:53 AM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow, that is not good

 

Feb 06, 2016 09:48 AM
Rainer
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Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Until I get it in writing accepted, I don't believe it. Too many things can change in a blink in our business.

Feb 06, 2016 09:35 AM
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Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

My question to you is 'why wasn't it signed if it was accepted'?

Feb 06, 2016 08:34 AM
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

You have received excellent advice here. You must adhere to the Statute of Frauds here and contracts for real property must be in writing.

Feb 06, 2016 07:32 AM
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it happened to others who did not hustle to make sure the contract was signed immediately and sent back to them....

Feb 06, 2016 05:08 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

No. But until it is signed and returned ... the client has won nothing.

Feb 06, 2016 04:25 AM
Rainmaker
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Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I once represented a personal friend and an agent in my office told me our offer was accepted and even handed be a pen as congratulations.  The next day he said they received a higher offer.  I went to his office and threw the pen at him.  I haven't forgiven him yet and it's been about 7 or 8 years.  My client/friend found a better place in the same complex fortunately.

Feb 06, 2016 04:06 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes.  That is why I caution my buyer it is never a done deal until we get a signed contract.

Feb 06, 2016 03:14 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

No. Anything can happen until you have an executed contract. Verbal comments have little meaning.

Feb 06, 2016 03:04 AM
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Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

Yes, happend a lot.  Until we get it in writing, I dont tell clients.  Even once we have it in writing, I have had offers, counter offers recinded.  Once it happens to a buyer, they start to believe me when they are low balling or think sellers will give their property away.  If it looks good to you at this price?  Odds are, it looks good to other buyers too.

Feb 06, 2016 02:15 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Nope. And it should be communicated with the signed contract not just a call that it is going to happen

Feb 06, 2016 01:58 AM
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Stephanie & John Webb
Latte Stone Realty LLC - Albuquerque, NM
Stephanie Webb Co-Owner, Latte Stone Realty, LLC

I don't disclose any information until I see it in writing.

Feb 06, 2016 12:22 AM
Rainmaker
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No, but if that did happen I would never do business with that agent again.

Feb 05, 2016 11:43 PM
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

YES, and we not only lost the deal....the buyer was so angry with us, that we lost the client too!

Feb 05, 2016 11:29 PM
Rainmaker
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Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

Sad to say but it does happen.

Feb 05, 2016 11:15 PM
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Chrissi Chapman Topoleski
Coldwell Banker Realty - Woodbridge, VA
Passionate about helping others achieve success!

No, but I had to deliver that news to a Buyer's agent once. It was not pleasant.

Feb 05, 2016 11:15 PM
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LUXURYSOCALREALTY COMPASS La Jolla
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

Have not had it happen but that is why I never disclose any verbal negotiation until its in writing. 

Feb 05, 2016 11:10 PM
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Linda Guess
Keller Williams Tri-Lakes Branson, MO - Branson, MO
Branson area real estate sales.

I have not had that happen.  If you don't have an acceptance in writing I guess that works.  If you had the acceptance in writing another offer would be too late.

Feb 05, 2016 10:55 PM
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Unfortunately, I have -- and until it's signed and delivered, it's not sealed. Agent jumped the gun.

Feb 05, 2016 10:53 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Not yet.

May 07, 2019 08:21 PM
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Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Renee - I have never had that happen, but have had to contact a buyers agent and let them know that they were outbid.

Thankfully I did not tell them they were the winning offer yet.

Feb 08, 2016 10:48 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I would hope the seller did not sign the offer then! 

Feb 08, 2016 01:12 AM
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Only once

Feb 07, 2016 10:11 AM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

No - and only rely on it when it's signed, sealed and delivered!

Feb 06, 2016 09:19 PM
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

This is one that has not happened to me. 

Feb 06, 2016 09:12 PM
Rainmaker
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Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Luckily, no.  No way to prevent this, I bet.

Feb 06, 2016 08:43 AM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Renee Paray I've never had this happen. Ask for the rejected offer to see if it was signed by the seller. You may have a contract after all.

Feb 06, 2016 08:26 AM
Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

No. Good to wait until it's official. Hope your buyers weren't heartbroken.

Feb 06, 2016 04:45 AM
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

They have tried it after the contract was signed.  It has happened a couple of times before the contract was signed by the seller.  In that case we lost

Feb 06, 2016 12:27 AM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Yep, I have shared this experience. More common with distressed sales than with straight sales. With straight sales as others mentioned, just be sure to get the paperwork back signed. With distressed sales sometimes it doesn't matter as many banks, asset managers, BK courts etc reserve the right to continue to accept higher offers and kill any transaction at any time for any reason they choose. I kind of think that "we" as an industry should not "bend" to such language in all their special forms. I do think that if banks and courts want to use our communication lines and systems to move their inventory - they should play by our rules.

Feb 05, 2016 11:17 PM
Rainer
231,174
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

its a game, the buyers and sellers are not always.... honest? intelligent? sure of themselves? many other choices here... yes signed is the only TRUE way, but i have seen buyers say , "tell them they got it" we are signing it as soonas we are back from the movies." and then another offer comes, or they change their mind and accept one of the others they got. often i get multiples and just take the best one, and not counter. a bird in the hand sort of thing

Feb 05, 2016 11:14 PM
Rainmaker
1,157,535
FN LN
Toronto, ON

No.

Feb 05, 2016 11:11 PM