If A Seller Gets A Better Offer....

What happens then? Well, once all parties have fully executed a complete contract, the Seller can't do anything. If the Seller submits a Seller Counter Offer to the Buyer via their agent, that opens up a different scenario.

And, therefore, if a Seller receives a better offer from a second buyer before buyer # 1 signs the counter offer and is returned to seller?

Yep, the Seller can orally withdraw, via their agent, that counter offer sent to # 1 buyer and accept buyer # 2 offer. Listing agent must call buyers agent to inform, then immediately send to Buyers agent a W.O.O., Withdrawal of Offer. Can it get sticky? Sure. Times noted and meticulous documentation must be kept if Buyer # 1indicates they have already signed the Sellers Counter Offer and sent back to seller via sellers agent. Unfortunately, if it has not been sent by Buyers agent to Listing agent in a timely manner, that can be the caveat, because to have the sellers counter offer be part of the contract, the buyer must execute and it must be received by Seller, or their agent, prior to Seller accepting another offer.

And, I'd be hopeful that you've hired an agent that does things in a timely manner.

Whether working with a Seller, or a Buyer, timeliness is definitely a huge aspect for a clean transaction.

Oh, and here's a picture of our Valencia Coming Soon listing that Jennifer is taking care of!

And, this girl is definitely timely!

That's why she's working so well with Leslie and I.

Feel free to call Jennifer for any questions @ (661) 435-0935