BestOfBid.com

If I put a bid in on a house is the real estate required to give proof of submission or rejection of this bid?

Additionally, if I am told that the homeowner is in first acceptance (most likely as a ploy to reject my bid w/o documentation) is there a way I could require the house to be removed from an MLS sight? Basically as a buyer, do I have any power in the bidding process?

Public Comments

1. The owner is not required to respond to you in anyway. So what could the Realtor do? The agent should note something in the MLS about the house being pending or under option or whatever, but even if they do the agent can't control most of the websites that download information form the MLS.
2. It depends on your area. Where I practice we have a form that the buyer's agent can ask the seller to sign which says that they have seen the offer. The seller can sign it or tell the buyer's agent to get lost (and if is a low ball offer that is what they will do). My real estate board is working on a plan to have offers registered electronically, not the amount or the details, just the fact of an offer. The idea is to reassure buyers that yes their offer was presented and yes there were 15 other offers. It also reassures the disgruntled losing agents. A buyer cannot require anything, except of their agent and then only what is in his or her power. If a property is sold with conditions the listing agent can continue to advertise the property. If the owner wants that, indeed that is what they MUST do, subject to board rules about conditional sales. Why do you think your bid was rejected?