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20 Comments on Consider This your Written Offer !
You did what you could do. Maybe ask the agent to let you speak with the seller??? Seems the sellers are caught up in the emotion of fantasy vs reality
Do you have a form in PA that the seller can put in writing a list of parameters that would allow you to re-write the offer? I guess in the end...no matter how big an ass the other agent is...if your buyer is willing and able to pay that price...write an offer.
I see this from time to time. The seller is in denial as to the value and wants a buyer to overpay. They get frustrated and threaten to rent the property to express their anger. When I run into this, I tell the seller's agent that my buyers will be there when the seller is ready to be realistic. If the selling agent is particularly aggressive, I'll tell them the offer price drops 1% every week they wait.
I actually had that happen and, because the buyer really liked the property, we decided to put in ANOTHER offer at a higher price. At that point the sellers actually countered. Sellers are a strange bunch. But they should also be educated in how the process works. In my case I pursuaded the buyer to leave his ego at the door and make that second offer. That then got the ball rolling.
My mentor continuially reminded me that it was a huge mistake to make an enemy of another agent because you could never tell when you'd need that agent's help to sell one of her listings. This agent sounds like she could use charm school, but I think (unfortunately) if your client really wants the house, you'll have to put your pride in your pocket and approach the agent with a much more concilliatory attitude. You're initial approach may have put her on the defensive. Your job is to get your client the home she wans. Go get it! Good luck!!
Doug .. the funny thing is my Father and the sellers father worked together many years ago both of whom have passed away ..but I would not dream of contacting the seller ..I work for the buyer..but I agree with you
Jeffrey ..It would never appraise for the price the agent has the property up for ..so it is a losing battle .It just gets my goat that there is nothing writing ..not even a written rejection.
Bryon .. That is a good idea .. In the area where this is located it may be what will happen .Properties here are sitting on the market .
Hella I do agree with you on this point and normally if I considered the buyers offer to be too low I would convince her to come up in value..but the property will never appraise so it would be useless.
Kate As I said to Hella it would not make any sense to proceed . My buyer has 5% down with a 810 credit score . So we do need the property to appraise . When I started selling RE many years back I did learn. Homes must appraise . We may think we have a sale but if it does not appraise we do not .In this case we would not .The property would not appraise for value and would bounce back on the market. I feel we are just saving time .We are moving on to the next property .
Thank you have a great day
In our state, we have to present all offers, even verbal ones. You can't sign a verbal offer, so I would've said, "Well, if they accept this counter, what are they to sign to make it enforceable?"
Thank you Chris my point exactly ! If she had put something in writing I would have been able to work with it !
Just to say my sellers are not interested in your offer ! How do we know it was presented ? We are moving on !
Hannah -- and we sometimes wonder why the public has the opinion of real estate agents they do, when they deal with agents like that, who don't even know how to do their job properly? I really like Bryan's approach in a situation like this.
Steven It took us a week to gain entry to this property and it is on lock box. I am just shaking my head especially in this market .
I agree with Hella. And, I would talk to the agent's broker if you get no further response from her in a reasonable period of time. After all, it is the brokerage's listing, not the agent's.
Hella thinks we should put in a higher offer . This is not happening ...I have considered talking to the broker I find her behavior very unprofessional
It is getting more common now to discuss offers rather than formally submit them. Until something is in writing and signed it means absolutely nothing. Also, the fact that it stills shows for sale and they are trying to rent it is also common. They want to see what comes first. Your buyers will find the right property - next!
I would be inclined to re-write the offer is my buyer so chose to, but i would also be talking to a certain Broker about the attitude.
Hannah
Some people want to sell and some want to talk about. Sounds like a talker to me.
Good luck and success.
Lou Ludwig
Hi Hannah ~ That stinks. Our job is to try to bring buyer and seller together - not act as an impediment. I'm with you on comps - appraisals are a challenge right now - though in my market it's because properties are getting bid up dramatically. We also do counters verbally so don't have the same issue you've got. Good luck!!
Liz
Jane That is what the buyer and I keep saying ..There is a house out there saying wait for me !
Randi My buyer does not chose to .. I am thinking about speaking to the broker
Lou You have hit the nail on the head .She does talk the talk
Liz .. Property values are falling here .Especially where this property is located. They were worth more last year then this year .
Hannah, that rotten. Having unresponsive agents and even clients makes for no business. Maybe an offer less than the asking but with the contingency that buyers will not pay more than appraised value, regardless of the amount of money they may be putting down. That places the deal back to the sellers and them acknowledging that an independent person (appraiser) will set the final value.
Ed I would have liked a written response from the seller . I think we deserved that much respect . There is a form from PAR that I am going to prepare with the first few pages changing the seller response dates . it requires the sellers signatures .It is a response of acceptance or rejection .Either way it requires a response in writing from the seller not an email from the agent
I do like your idea ..
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