Should you call a Listing agent to tell them an offer is coming?

Reblogger Praful Thakkar
Real Estate Agent with LAER Realty Partners

Sometime we preempt our buyers and get excited.

Scott Godzyk in this re-post discusses

Should you call a Listing agent

to tell them an offer is coming?

Original content by Scott Godzyk NH License 033394

Which is proper? Calling the Listing Agent that you may have an offer or waiting until you actually have an offer in hand? Last Monday a Buyer Agent calls and states their buyers will be putting an offer in on one of my new listings. The day ends, no offer from them. A call goes out to all showing agents that an offer is coming in and to submit their highest and best offer. As the week goes on, offers come in from other buyers. A call to the agent who said they were submitting an offer goes unanswered. All offers are submitted to the seller and the home goes under contract.

 

A week later the phone rings and it is the showing agent who called to say an offer was coming in, they are meeting that afternoon to write on.  I let them know that is great, except the home went under contract "last week", you know when you called to say you were submitting an offer??? Que the crickets.....

 

 

THE BOTTOM LINE is that in my opinion a good agent calls the listing agent to see if anyone else has submitted an offer. I would never tell a listing agent i was submitting an offer, until i had it signed by my buyer. This agent lost this home for this buyer by a lack of action. My seller though, was the happiest couple in the world.

 

 

The HARD TRUTH is that the BEST way to be prepared to buy or sell a home is by hiring a "GOOD" Agent. One that will guide you through each step of the Buying or Selling process. To the consumers who were successful, they found the secret which I would like to share with you. Free advice can be worth what you paid for it, so when you are ready, do it right. 

 

 

THE TOP TIPS TO FIND A "GREAT" REAL ESTATE AGENT

 

 1. LEARN THIS ONE FACT: One should know that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest Agent or Company. It is important to Hire the BEST Agent. In NH that could be me.   

2. CHOOSE THE RIGHT AGENT: As a Buyer OR Seller in this market you need every advantage you can to get your home sold. It starts with choosing the right agent. a. Ask for a Full time agent whose sole job is to sell homes. b. Ask for a Full service agent who will guide you through each step of the selling process. Discount brokers often equal discount services. c. Ask for a Local agent who knows your neighborhood and is readily available when you need them is a must. Out of town agents can leave you high and dry in your time of need. d. Ask for a well experienced Listing Agent can give you the advantages you need when selling your home. Not all agents are created equal. Choose only the best.  

 3. HOME BUYERS SHOULD START BY:  Getting a FREE PRE-QUALIFICATION with a local and trusted lender. They will look at your credit and financial picture and let you know what type of mortgage you may qualify for and what your interest rate and monthly payment may be.   

4. HOME SELLERS SHOULD START BYGetting a FREE MARKET ANALYSIS. Learn what your property is worth in today's market along with how ling it may take to sell. If you are ready to sell now, learn what you should ask for it. How much offers may come in at and what the approximate selling price should be. NH Home owners should contact me now.   

 

 

IN SUMMARY the key to having a successful purchase or sale can increase simply choosing a better agent. The secret is that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. I leave you with now infamous philosophy, which is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process.

 

 

It does not take magic to turn your "For Sale" sign into a "Sold" sign. it takes a full time Local Agent who specializes in Listing homes like yours.


If you are thinking of buying a Home please contact us. Get a free pre-qualification along with some of the BEST CUSTOMER SERVICE through each step of the Buying Prices.

 

 

WE STRIVE TO PROVIDE THE BEST POSSIBLE SERVICE THROUGHOUT EACH STEP OF THE LISTING AND SELLING PROCESS!!!

 

If you need to sell your home and you owe more than your house is worth, i may be able to help. I specialize in working with home owners to get your home sold. There are many options such as a short sale which may be able to help you.

Please try and avoid out of state or out of town agents and companies that make "out of this world promises". We are local agents with experience who never charge any up front fees.

 

 

 

We are local agents with experience who GET RESULTS!!!

 

We stand by you through every step in selling your home.

 

Another reason that makes New Hampshire a great place to Live, Work and Play.

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. With 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area. To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com . We are Full Time Agents ready to serve all of your Real Estate needs through each step of the buying and Selling process. We are proud to be locally owned and operated.

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Ambassador
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Scott

Good points here! I always check with the Listing Agent when working on an offer to get some pertinent questions answered but also to find out about other offers, if any. I then let the agent know by text and phone call when I have sent an offer.

On the LA side I never say anything to my client until I have a complete offer in hand. I learned my lesson years ago.

Jeff

Jan 09, 2017 04:02 PM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Praful

Good topic for a reblog. I have my own thoughts but off to see what Scott has to say.

Jeff

Jan 09, 2017 04:02 PM #2
Rainmaker
3,510,706
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I prefer to wait to tell the agent that an offer is on the way

Jan 09, 2017 04:11 PM #3
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Praful, another great reblog choice.  And this is one of those things that can be handled a bunch of ways.  I personally won't say anything other than my client has some interest and just in case, I need some information.  So many listing agents hang up and immediately try to shop the offer you haven't even sent them yet - maybe not even written!

Jan 09, 2017 04:38 PM #4
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I do have to agree with Scott Godzyk. Thanks for the re-blog Praful Thakkar  

Jan 09, 2017 09:35 PM #5
Rainmaker
141,930
Diana White-Pettis
Exit Bennett Realty - Upper Marlboro, MD
GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale

I prefer to wait until I have a signed offer in hand.

Jan 09, 2017 09:35 PM #6
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

It's good to check...and give a heads-up if writing...and also update if NOT writing an offer after all.

Jan 10, 2017 12:23 AM #7
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Praful Thakkar

Andover, MA: Andover Luxury Homes For Sale
What did my neighbor's home sell for?
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