If they missed the deadline, they missed the deadline. Otherwise, what's stopping someone sending one in at 3pm and expecting you to deal with it? That being said, I'd ask the sellers what they want to do, but in one sense you've just changed the rules for everyone else who played by the rules YOU set. Does this mean you will give them all a chance to revise their offers?

Ask the client how they want to handle it. It is their home and their money we are talking about. Now does it always work out. Recently had exactly this situation, had told the agent we had 5 offers in hand all very good. We waited and his offer was under asking by quite a bit. Was not worth waiting for and the sellers were quite annoyed but thier choice to wait.

I would ask the seller as it's their decision.

Simply put follow the legal instruction of your client.

it's the homeowner's decision....and it would be wise to wait for the offer....the agent should call, if that's the scenario, and tell the buyer's agent to hustle...

I would ask my client how they want to handle it.  It seems like it would be in their better interest to at least look at it.  In the meantime, review the ones you have.

You have to present all offers to the seller. Regardless. And you take your instructions from your client - that's not an issue for the agent to decide but for the seller.

All offers are presented to the seller.

Seller makes that decision.  That would likely depend on the offers we have in hand. Might not be any need to wait for the late-comer offer. 

I would ask the seller if he wants to wait a few more minutes (clearly defining 'a few more').
If he says OK, I would tell buyer's agent you have x time, don't mess up or you will be SOL!

And there is no 'd' at the end of SOL! 

I'd say "unless you can get it in my hands in 5 minutes we will consider it a back up offer regardless of the amount". Praful Thakkar 

I'd tell them that we're reviewing offers in 5 minutes and will likely be picking one.  Email it now and call when it's sent or you may lose out.  I'd also feel them out for the dollar value and terms.  I'd let the sellers know that there is an offer allegedly inbound from someone who missed the cutoff time and see if they want to wait for it and give them the info I received about the offer.

I would ask my client whether he wants to wait or just proceed with what we have in hand.  

We do competitive bidding on our timber sales and our association has laid out very specific rules on this that require us to be strict about deadlines, any late bids will be sent back unopened.

Continue as planned which is honoring what you said to the other agents. If another offer comes in, start again then. But eventually, you will have to stop right?

Call agent with a sweet urgent... "Bring in now Please." WE are reviewing all offers at 2:00 during our meeting. Buyer agent answers: "yada yada I can't type that fast, or they don't have prequal yet or ..."  "Handwrite and have them wet sign the offer while you type up and review the details, we are in play now."   My market there are minimum five offers on any property priced to sell. Meanwhile I would tell seller and see if they are willing to wait an hour or whatever reasonable time frame the Buyer agent communicates 

It becomes a seller's choice.

It is absolutely not up to me, Praful - it's the sellers' decision, not mine. So, I can't say what they will do - each seller is different. 

My duty is to my seller, not me!

Yes, this is a pet peeve of mine - agents say, "I've given everyone a deadline." or "I'm calling for highest & best."  Sorry, it's not my deadline to give or highest & best to demand!

By law ALL offers in writing must be presented to the Seller

It is your fiduciary duty to present ALL offers...even those an hour late.  Do you really think the seller will say they don't want to see it?

I would however ask the agent for a verbal and give it to the seller...

What if it is $10K more than the others?....it is not up to you to draw the curtain...

Eve

I'd tell them to go ahead and send the offer. If it's a multiple offer situation, you'll probably send out counters anyway and that'll buy a little time for the newest buyer.  If the sellers accept an offer, send the offer back initialed by the sellers as rejected.

It's up to the seller to decide especially if no other offer has been accepted yet. 

Your seller would determine whether or not to look at the offer. As you know, all offers have to be presented, but the seller may elect to disregard the offer as it came in late.

Discuss with seller and document. 

Disclose the situation to your clients and work in their best interests.

Number one it is a game one plays.

Number two if it is a listing all offers should be considered until one has been accepted.

Number three I am not a fan of this!

Just out of curiosity if it is stated in the MLS this way and no offers come in or are accepted do you do it again the following week and change the dates in the MLS?

I would ask them to tell me over the phone the details to know if even in contention with the offers in hand, may be a non issue. 

I've had this happen, and actually been on both sides.  If a seller wants to see it, it's their choice. I would encourage them to wait & see, but present the other offers if we had scheduled a time. 

One thing I do is anticipate this. I request offers well in advance of presenting them, 3:00 pm deadline with a 7:00pm presentation. I want the time to review the terms, speak to the lenders and verify anything that might be unclear.  

Ask the seller if they are willing to wait.

I would ask the seller what 'they' wanted to do. It is their property and their decision. 

I would definitely go over the offers in hand and at the end of the presentation, if the other offer is not received, I would probably not wait. 

As an agent, I have been on both sides. I try and communicate clearly to the other agent the situation and ultimately, the Seller would make the final call.

Ask your seller.

Depends on what the Seller instructs

By State statute all offers must be submitted to the seller, regardless of the time line.  Even if the sellers have already accepted an offer and another one comes in you are required to present it also

My market is upscale so having a cup of coffee while looking over any offers in hand and then including a late entry might make a big difference in money to my sellers. Why rush accepting one? I know of one where acceptance was delayed for several days and the seller netted several hundred thousand dollars more. Of course all agents were informed of this decision of the delay and were asked for "highest and best."

Ask the seller if you did not discuss this possibility when you took the listing.

It is the seller's decision and would let them know that the call came in at 1:55 but these promises sometimes do not materialize.

• Ask for exact details on their offer

 If the Seller hasn't accepted anything yet, tell them to send it.  

It's always the sellers decision!

Come all ye faithful....

If my listing contract specifies a deadline for offers to be submitted this discussion has already taken pllace with the Sellers. I do say NO, have said NO and will say NO whenever necessary, this is one of those times.

Whatever the client wants to do.

Up to seller. Tell agent that you are beginning to review offers, and to submit as soon as they can, but also let them know that you'll call them back if sellers ratify one of the offers being reviewd at 2:00. They could also text an outline with details of their offer to see if it's even worth waiting for.

The decision wouldn't be MINE its up to the seller and how they wish to treat it. As Nina Hollander Nick & Trudy Vandekar, 610-203-4543 Barbara Todaro and others have said and I agree.

If that agent isn't going to send the offer in on time, what else will go wrong with the transaction?

If the Seller has not selected or made changes to any offers received, then I would be oligated to review the new incoming offer.  I would then notify the other agents who submitted their offer of the new offer and provide them an opportunity to make any revisions .  That would be in the best interest of my client to review all offers.

tell my seller and let them make an informed decision.  NOT my call.

I had this happen and the offer that came in after the fact was the best.  You have to do what is best for the seller.

In my experience, if you give a deadline, make it four hours before you are going to meet the seller.  There is always a last minute offer.

You submit all offers to seller regardless of when they're submitted (after deadline, after under contract, etc.). I don't really have agents do that but, I'm sure it will happen at some point.

Praful Thakkar This should all be sorted out with the seller prior to establishing a deadline. The seller should have the final say so.

I would tell them to send it as i am meeting the seller at 2pm. I would not wait as you would never know if it may come or not. f i knew the agent and knew their was an offer, i would wait but not tell them i am waiting so they dont slow down

Ask the selle

If there hasn't been an accepted offer yet, you must present.

The sellers call.

Offers due at 1 so that they can be looked at and  ready for the 2  pm with the bseller...I tell the agent we are working on them.

I'd wait, but would give a time limit.

How many times have I heard, "I will be sending an offer." And the seller is advised and no offer materializes. This creates a need for a lot of explaining on my part. (of course I''ll mumble nonsense like 'raise the bar!")

VERBAL ORDERS DON"T WORK.

Work the offers in hand. If seller accepts one in front of them the show is over.

Meanwhile, behind the curtain I will advise Susey come lately the show will be over in 30 mintues. You have 20 minutes to get the written offer in my hands.  Now, I may ask, what is your buyer intending to offer? A really good offer may compel an encore performance if their is merit.

If you have not decided on an offer. . . . have them send it over. . . . .may be the highest and best

That is not that close:) Also, if is it a good offer, i'd withdraw already prepared offers. I posted a blog about it. 

I learned this lesson the hard way.  It's not fair to the buyers/agents who complied with the deadline to even consider the offer that's presented later.