When a Seller Presents an Offer to Buyer
In Southwest Louisiana common practice when moving forward with the purchasing a home is the Buyer presents the Seller with a contract.
License Law requires the listing agent to present Buyer's offer to Sellers. Seller will either accept, reject or counter Buyer's offer.
That is normal protocol. Today I received a contract from the listing agent---Seller's wanted to present Buyer with a offer which is out of the ordinary for our Louisiana market--not normal protocol. It is going in the opposite direction!
True, my Buyer's did view the property on two occasions and have some interest but not enough to make an offer.
The listing agent is thinking outside of the box showing Seller's are motivated but that is hard to explain to First Time Buyers. Now I have to present my Buyer's with Seller's offer when we have not even gone through what a purchase contract is. The listing agent thinks he is doing a great thing by presenting the contract to get negotiation started; however this has just confused the Buyers! Here are my thoughts:
- How Can Seller write a offer when they don't know what the Buyer's needs are i.e. closing costs?
- If Buyer wanted to purchase Seller's property, they will make an offer of their own
As a Buyer's Agent, First Time Home Buyer's need alot of guidance and hand holding through the purchase process. It is important that we follow the order of steps and not pull anything creative out of the box! Approaching first time home buyers when they are still learning the process is just going to confuse them--I don't like doing things backwards!