Special offer

"How much should my client offer on your listing ?" the Lender asked

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

 We have a new listing that is very popular and while we have our showing appointments booked through a service...there are lots of people wanting to know more KW Sold signabout it than we are confined to tell in the character count of MLS and assorted attachments.  We keep our listing details

handy and are happy to explain the house or find out any other information a buyer or agent may require.

   phone ringing The phone rang ..."This is Joe Smith from ABC Bank and my client wants to know how much he should offer on your listing at 123 Elm Street." (Name and address changed to protect the ....uninformed.)

   David answered the phone.....and promptly answered..."The asking price."

       Joe Smith could be heard snickering..."That won't happen...I will have him call you," and he hung up.

     We don't know if Joe Smith's client was one who later called us...the client had never seen the property....and could not know much about real estate asking a lender to advise him on a price for a property neither of them had ever seen.

   Lenders lend...Realtors....explain...advise....or in this case as the agent of the Seller....inform the potential buyer of the features of the property.

     If you want to buy a property....call a Realtor...and if you want the Realtor to work with you...you may consider calling one that can offer you a Buyer Agency contract and be your advocate in the transaction.

     Sally and David Hanson, Broker Associates at Keller Williams offer quality real estate services to both Buyers and Sellers in southeastern Wisconsin....we welcome the honor to be of assistance to you in all things real estate.

 

 

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Comments (18)

Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Sally and David. A dumb lender probably working with a friend. Stupid. 

Mar 11, 2015 09:58 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Sally and David,

You are so right..if you want to purchase a property call a realtor who knows the area and you feel comfortable working with...you'll find out the answers to your questions from the professional who works in the field.

Mar 11, 2015 10:01 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Good guess Sheila Anderson...Yes Dorie Dillard...lenders lend and should not advise or be asked to advise a client on pricing or writing an offer.

Mar 11, 2015 10:08 PM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

The lender sounds like he's the south end of a horse traveling north.....but it takes all kinds.

Mar 11, 2015 10:40 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Well I that is a first...great come back David....I am glad your litsing is getting tons of action!

Mar 12, 2015 12:09 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Their Realtor should do a CMA and guide them. What did they want a verbal offer? That is a strange call and I would have handled it the same way.

Mar 12, 2015 12:14 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David that was a very strange thing for that LO to do.  We all need to stay withing our area of expertise and not cross the line.  That LO not only crossed the line he/she leaped well over it.

Mar 12, 2015 08:55 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

That lender was overstepping his area of expertise. I would stay clear of him in the future. Your answer was perfect.

Mar 12, 2015 12:49 PM
James Dray
Fathom Realty - Bentonville, AR

Great comeback and as it should be.  Call me with such a silly question and I may add an extra 10 thousand just for the fun of it

Mar 12, 2015 08:34 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Sally.  Would the lender take an offer on their interest rate?  What a nimrod.

Mar 12, 2015 09:02 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Sally. There is nothing worse that LO's that speak about areas that they have no business talking about.

Mar 12, 2015 09:04 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

We should each know what we know and let others do what they do.

Mar 12, 2015 09:04 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Wow Sally, I have never had this occurrence happen to me...it is hysterical!

Mar 12, 2015 09:16 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Yes, call a Realtor, and in southeastern WI...that would be The Hansons!

Mar 12, 2015 10:05 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sally and David, this buyer needs some education in the process of buying a home.  Otherwise, he will either be disappointed or make some serious mistakes.

Mar 12, 2015 10:06 PM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

What other answer did he expect you to give? You work for the seller and your job is to get them the best contract possible!

Mar 13, 2015 12:43 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Funny what some people will ask of the listing agent.  Hope you have a great weekend.

Mar 13, 2015 07:54 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Sally K. & David L. Hanson  Why are people so rude ? Snickering and hanging on up on someone  is not going to change things , In fact it is rude and childish

Mar 13, 2015 01:49 PM