OfflineI put an offer in on a home about a week and a half ago. The realtor was real excited and said that the bank normally responds within 24 hours. A few days later the bank asked for the highest and best bid, as they had another (but the people were having issues with their financing). I have left multiple emails and voicemail messages, but to no avail. My gut tells me to get my own realtor and have them re-enter the offer....any advice?
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Lenee
~Act successful! And you'll draw it to you.~
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More than likely you are correct in your thinking! It appears that you are dealing with the listing agent. They of course, want to double end the deal (obtain both sides of the commission) but they do work for the bank. They do not work for you unless your state has dual agency then the agent still does not exclusively work for you in the transaction. You should always, in my opinion have your own agent. Your own buyers agent - this comes with a contract. The agent then works for you and pushes your agenda. Please only sign short term property specific contracts with the realtor if you are just meeting them! I hope that this information helps!
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I dealt with the same thing on a short sale a few years ago. We kept raising our offer, and every time, that same response came back. We eventually purchased another property, because the bank was stalling so much. That's why I always recommend that people have a few deals in the pipeline, and if one comes through, you can cancel all of the other ones that are in the process. This is business. There is competition and speed rules. Too many people put an offer out, and wait on it until something happens. This causes way too much delay.