Furious! Seller accepted another offer!
::Edit:: the subject line should be "Seller entertaining another offer" and not "accepted." Still furious though!
I feel so stupid and naive...
I'm a first time homebuyer and after months of searching, I finally decided to bid on the perfect house. After multiple counteroffers, I finally agreed to the seller's price this past Thursday. I signed the contract, and my realtor was prepared to present the contract to the sellers.
Just a couple hours ago today, I got a call from my realtor stating that the seller received a higher offer and asked if we could beat it! Are you f'ing kidding me?
I didn't know that the seller could actually accept any other offers after accepting ours!
I guess mistake number one was not having the offer on paper.... but when I asked my realtor this, she said that nothing could have prevented this from happening and that the seller had until attorney review to accept any other offers! Is this a lie?
Mistake number 2 may have been working with a "dual" agent... I should probably look into working with a buyer's agent.
Mistake number 3 was celebrating prematurely... lol... never again will I get my hopes up until everything is signed and agreed.
Has anyone experienced this before, or can offer any advice? I feel so cheated...