Seller rejecting my offers can they reject a winning bid? (2024)

FAQs

Can a seller refuse a winning bid? ›

A home seller can always reject an offer that they don't think reflects the value of their real property. Even if the offer is above the listing price, the seller has the legal right to deny the offer and accept a higher sale price.

Typically, when a seller rejects your offer they come back with a counteroffer to potentially negotiate a deal what works better for them. If your offer is rejected without counter, it might mean that your offer was too low to be considered by the seller.

By bidding on an item, you obligate yourself to pay for the item if you win it, even if you decide you no longer want it. Only bid on items you are serious about purchasing.

One cannot always tell from the sold or completed item history, if the seller's items being relisted was because they cancelled an auction, or their buyer(s) did not pay, that too happens. A seller cancelling a won auction is not legal by ebay rules or by law.

Because no one can force a seller to sign (contracts must always be signed freely and without undue influence to be binding), a seller doesn't have to accept even a supposedly "perfect" offer.

If the winning bidder would like to back out after the close of the auction, you can offer the item to the next highest bidder, or close the item as Not Sold.

A bid is considered an offer under contract law. If an offer is accepted, a contract is established and becomes legally binding. The provider can't withdraw their offer.

As a seller, there are some situations where you can cancel bids that have been placed on your auction-style listings. However, once canceled, a bid can't be reinstated. To try to prevent potential buyers from being disappointed, we discourage the canceling of bids unless absolutely necessary.

The short answer is four days. As of 2022, eBay has rolled out a new rule that states all unpaid items must be settled within four days from the time that the buyer has finalized the order or has won the auction.

A seller can cancel any bid at any time before the auction ends. A bidder can retract their bid if the auction has more than 12 hour left.

Can a seller cancel a sale? ›

Bottom line. “Generally, a seller can't cancel without cause,” Schorr says. “You could build in some contingency, but absent that, you had better be committed to the sale.” Reneging because you fear you underpriced the house, or you actually receive a better offer, doesn't count as “cause.”

You're liable for the deposit on auction day and the rest of the purchase price, plus fees, by the completion deadline (typically 28 days after the auction). If you can't pay the deposit, you may face legal consequences. The auction house and seller can demand that you pay the amount specified in your contract.

eBay sellers have control over who can bid on and buy their items. You can block individual buyers or set buyer requirements based on specific criteria.

Tried to cancel. If you don't pay, 96 hours from the end of the auction the seller can cancel the transaction citing buyer didn't pay. You will get an unpaid item strike placed against your account.

YES, you are required to sell to the winning bidder of an auction since their bid met your minimum bid price that you set when you listed the item.

As a seller, there are some situations where you can cancel bids that have been placed on your auction-style listings. However, once canceled, a bid can't be reinstated. To try to prevent potential buyers from being disappointed, we discourage the canceling of bids unless absolutely necessary.