This morning I received a counter in response to an offer for my FHA home buyer. This REO agent crossed off an item I had typed on the Purchase Order.
This is a BIG NO, NO!!
Real Estate Agents, if you are not aware, please become aware that you NEVER change or cross off items on a Purchase Contract.
That is why we have Counters!!
Please learn to use them. Counters are used to indicate what the Seller will NOT cover nor accept.
I am continually surprised at the lack of knowledge out there in the Real Estate world. We have rules for a reason, we have forms for a reason. Please learn to use them properly.
While I'm at it, One of my pet peeves is to read agents who continually write that if a home buyer's offer is not accepted that the buyer needs to get another agent. Or if a bank has not responded on a Short Sale in a timely manner, that the Seller should get a "qualified" agent.
These are blanket statements which in my humble opinion should NEVER be used. It is only the agents who are so unaware and lack experience that make such claims. Unless and until you, as an agent are aware of every buyer's situation, all the ins and outs of their loan terms, whether or not the buyer needs funds back from the bank for closing costs, etc. you have no business making such claims.
Not all banks handle Short Sales the same...
As an experienced Realtor knows, no two deals are alike, nor are buyers or their needs. Loan terms differ. Let's learn to stop making claims such as I have read right here on Active Rain by a limited few. If a home buyer was not selected by a Seller or if a bank has taken an exorbitant amount of time to respond it is not necessarily due to the agent representing the parties in question. Let's not assume and make statements that the agent is not doing a good job and should get themselves another agent.
You do yourself and others an injustice by making such rash claims. It only shows your lack of experience in making these ridiculous statements!
Brought to you respectfully in hopes to reach those who don't seem to know any better.