Am i over reacting or is this normal practice
A multi offer was presented to the vendor 10 days ago, mine was best so the vender would Negotiate with me, the other offer droping out. We have both counter signed twice, I fax back within hours (through the listing agent) and the vendor taking 3-6 days with their counter offer. As the contact is about to be faxed back to me signed by the vendor, i am informed by the listing agent that a third party has presented an offer and i have a hour to accept the contract or they will present the third party offer to the vendor.
Can I now go on holiday for they weekend and sit on the contract before accepting or counter signing (the price is still too high and I need to get it lower) or can the agent now bring a third party in over the top of me.
Mike
A multi offer was presented to the vendor 10 days ago, mine was best so the vender would Negotiate with me, the other offer droping out. We have both counter signed twice, I fax back within hours (through the listing agent) and the vendor taking 3-6 days with their counter offer. As the contact is about to be faxed back to me signed by the vendor, i am informed by the listing agent that a third party has presented an offer and i have a hour to accept the contract or they will present the third party offer to the vendor.
Can I now go on holiday for they weekend and sit on the contract before accepting or counter signing (the price is still too high and I need to get it lower) or can the agent now bring a third party in over the top of me.
Mike
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