I try to never have more than one offer out at a time just because I feel badly about it and don't want to get a bad reputation with the broker for making an offer and then withdrawing it, but yeah that's definitely not enforceable. You have 10 days to rescind after a contract has been signed pursuant to FL law, so you definitely can rescind an offer.
I was being facetious. I should be more obvious and throw in an emoji next time.
Conversely, sellers are getting multiple offers and bids in and may accept one at anytime, even if you're in the middle of negotiating (which has happened to me at least twice now). On top of that some brokers/sellers take days to respond, so to me you're only hurting yourself if you don't have multiple offers.
Agreed - does anyone think brokers are telling their sellers they need to consider one offer at a time and can't entertain another until they've responded to the first? Why handicap yourself as a buyer in this way?
$120 for BCV is a nice place to be. Congrats.
I was also using this strategy, and only making one offer at a time. However last week, I put in offers on 2 properties, with fidelity. 2 different listing agents, and as of today, I still have not heard from either one. Late last night, I found a contract on a different broker site, submitted my offer, after we each countered, we had an agreement by 10 am this morning. I’ll post the details once contracts are signed and sent to ROFR. My advice, check multiple resales sites and put offers on any that interest you.
That's what I'm talking about. Congrats!! (I was looking at one for $140, but they said not taking offers, so I didn't pull the trigger, but at $130 I might have)
My exact thoughts?!?
I was doing one offer at a time, and now a seller has not responded to my counter offer for six days. So yesterday I put out offers on two different listings at two different sites. I weirdly feel guilty even though as Pianomanzano said, they're entertaining multiple offers. We aren't going steady, so we're not exclusive.
Which broker? I’m working with Fidelity. Haven’t seen the breakdown yet officially, just the initial paperwork which has shown an overall closing estimate. We decided to go with it, as I read a bit more today regarding the importance of title insurance and its protection.
I must say that I am quite surprised how uneven the professionalism is in the resale business. Some are certainly very professional with communication and more than I would expect are just terrible. You would think that they would realize that todays buyers could very well be tomorrows sellers. I will certainly remember the good, the awful and the somewhere in between.
