Offer Modification? - Posted by Kenny

Posted by Rich-CA on August 27, 2007 at 19:04:26:

They can reject the offer for any reason, but it is not invalid unless your changes broke the law somewhere along the way. Ask the listing agent to cite what laws he believes the changes have violated as those are the only things that can invalidate a contract.

Personally, I think the listing agent just does not want to present the offer. If he can’t cite a law that the change violated, tell him to present the offer or face a complaint to the RE Commission and BBB.

Offer Modification? - Posted by Kenny

Posted by Kenny on August 27, 2007 at 16:16:47:

We recently submitted an offer on a residential property. After we submitted it, the listing agent told us the offer was invalid because we crossed out certain terms.

It was actually recommended that we remove items that either don’t apply or that we don’t want to agree to. For example, too broad, etc.

Is this listing agent right?

Re: Offer Modification? - Posted by River City

Posted by River City on August 29, 2007 at 16:54:12:

Your offer should still be good as long as you initialed all of the strike overs in the offer. Sometimes it is best to strike through something so that each party knows what the original item was before it was changed. If you rewrite the offer, then the entire offer must be read…again. If you strike through items, it is easier to see what was changed. Some agents want the contract to be “clean,” however, this is not always best. We purchased another home a year ago and every time we made a change or the seller made a change, our selling agent wanted to retype the contract. This meant we had to read the entire agreement and compare it with the agreement signed right before that one. It got old after a while. Our contract was about 5 pages long.

Reason #25,987 Why Realtors are Useless - Posted by Jimmy

Posted by Jimmy on August 28, 2007 at 05:26:58:

listing agent is wrong. you can submit an offer on a cocktail napkin if you want to. sounds like an inexperienced agent.