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That the agent has received it. Nothing more than receipt. Professionalism and courtesy would have the agent communicating to you about the status and other offers.
Chris Ann Cleland
Golden Meadow, LA
It's perhaps more "meaningful" when a listing agent does not acknowledge receipt
La Pointe, WI
Jack Lewitz - it's just the acknowledgement....
Hi Jack all it indicates is seller's agent has it in hand.
It only means that the listing agent is confirming that the offer has been received. Nothing more.
I always send a text when I have sent an offer via email (in fact, I contact the listing agent before even writing one up). And I always acknowledge receiving an offer on one of my listings. Most buyer agents text me to say it's on its way and, when I make sure I have received it, I answer the text that I have. All is common courtesy.
For me, it means ... I've got it in my hand. BUT, I never leave it at that. I always tell agents when I am presenting and when they will hear back from me. If for some reason, seller needs to reschedule ... I let buyers agents know ... because it is the thing to do. I don't like being kept in the dark ... so I don't keep others waiting and wondering.
Walk softly when dealing with this agent from now on. A lot of very good answers out there.
No matter what, we must , as the Listing agent present ALL offers by law. They are just saying that the Listing agent received your offer, meaning that it was presented to the seller.
That stinks. It's too bad this agent didn't do you the courtesy of letting you know about the other offer.
Jack Lewitz It just means the agent received it. It is common courtesy to notify the buyer's agent the offer wasn't accepted in a timely manner.
Real estate is local! It is a courteous thing to do to acknowledge receiving all offers and keeping all agents on the same level playing field. Explaining the strategy with the seller ahead of time can make things easier so you are on the same page with their wishes.
It only lets you know that he or she has the offer. This is partly why I like to present the offer to the sellers myself...with the agent their of course.
I have gotten several through where we were not the highest bidder because I was able to clarify some things on the offer right away.
When I acknoledge receipt and ask for it, it is simply that the offer is in my inbox. Not that it has been presented. They should have let you know that the offer was rejected though. The delay was rude.
The listing agent is not a principal to the transaction. For the agent to acknowledge receipt is just that, the agent has it in hand. This is where quality relationships with other agents come into play. If you have the right relationship, listing agent is more likely to keep you posted on when the offer has been presented, other offers, etc.
Nothing Jack, it means absolutely nothing. I need it signed and delivered back before some comfort sets in along with a hefty down payment, already wired in of course.
He at least could have called and said he had multiple offer's!
When I send my electronic offer, I always ask for them to acknowledge receipt. Sometimes it takes a text and a call though.
He acknowledged it. Your client didn't prevail -- I'm sorry. It would have been nicer to have more communication but stuff happens. Time to move on.
Acknowledging receipt is just confirming delivery. A professional agent would be communicative, let you know when he is presenting and then follow up letting you know another offer was accepted - preferably doing all that without you having to hound him for the info.
A call or email.
He or she has it. That is all!
Sometimes the sellers do not respond for days and another offer might have come in.
It means nothing more than that--that they received it and I would hope they presented it to their sellers, as that is the law. As far as I know, unless you asked for specific response by a certain date/time, there really is no obligation for listing agent to get back to you. It's nice and professional when they do... but that's a different issue.
Who knows what goes on in anybody's head.
It only means he has received the email but not necessarily read the offer or intends to present it promptly. That depends on the integrity of the agent.
I acknowledge by text or email that I received the offer and when they should expect to hear from me.
I think that was pretty unprofessional. I mean how long does it take to send a text or an email or pick up the phone?
Yep, you have to babysit your offers, I miss the live presentations of them, they were more work, but at least you knew.
Have to say they will present them in order.
That's a start. Next I try to tell agents when I'm meeting with sellers to present the offer, then usually I'll let them know whether their offer was accepted or not.
Probably means that they are thinking about it while shopping it out to someone else.
That's when the clock starts ticking.
It means I keep pressing.
And the press isn't over until the check clears the bank.
It could mean that this is the beginning of a beautiful relationship
Does your state have a requirement that all offers must be presented to the seller? In Louisiana, we have to notate all offers with date/time received and again with the data/time it was presented to the seller.