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Real Estate
Reply to "Bid on a house and now one I like more just came on"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As a seller I would take your deposit[/quote] Agent here. If OP backed out before you accepted the offer, or if you accepted someone else's offer, or if you accepted OP's offer but countered some of the terms -- you would have no legal way to take the deposit. The likelihood of none of the above happening and a seller simply accepting an offer as submitted is very small.[/quote] Happens all the time , you just pissed away the sellers time and its with money[/quote] That's just part of the process of selling a house. If it's a good house the sellers will have many other offers. No loss.[/quote] If the buyer put in an offer and it was signed I would take their deposit. [/quote] OP reported that the seller hadn't signed yet, so the contract wasn't ratified. So no deposit. Plus, the EMD check isn't made out to the seller. There are a lot of hoops to jump through to get it. It's better to just move on to another buyer.[/quote] If I were the seller I would sign and then request the deposit if they pull out. If the seller is nice Your best bet is to settle for part of the deposit.[/quote]
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