Recently I was talking with a few of my co-workers about making offers on properties. One of them, RB, spoke up and said that he made an offer on a property for his buyer client. The offer was considerably less than asking price.
The property is a nice home listed at over $300,000. The listing agent was very upset with RB, highly emotional, and said that the offer was an embarrassment to both her and her sellers. RB told her that this was not a personal matter, but rather a business decision made by his buyer client.
As their conversation progressed, the listing agent finally told RB that she was not going to present the offer until he came back with a more reasonable offer - something that her clients could at least counter. In the end, RB came back to her with a higher offer that was considered and is still being negotiated.
There are two points that need to be made. First, the agent who receives the offer should submit all offers to his/her seller client(s). Secondly, it is not good practice for a real estate agent to become very emotional while handling offers. Sometimes offers can seem a bit ridiculous or could be much more than expected. However, we should try to be professional and realize that a buyers agent is only doing his or her job by presenting all offers - even if they are sometimes low ball offers.