But this offer is contingent on the sale of our home? Really?

By
Real Estate Agent with Coldwell Banker Fort Lauderdale Beach

But this offer is contingent on the sale of our home? Really? NOTE: This is a buyer from another state, so I have no idea if it is or not.

So my next question is:  "Would you mind if I talk to your agent?"  Answer, "Why?"

Why? So then I went on to explain that if his/her current home was not priced to sell or if it was an unrealistic price that it would be difficult for me to convince the listing agent here, that their current home would sell quickly.  If it was priced right and in selling condition then I would think about this a little further.

My buyer has a home in ABC, USA  and was not being cooperative with the situation at all.

I told the buyer that it was very important for me to know if his/her current home had a chance at all to sell in this market, so that it was important for me to talk to his/her listing agent.

I asked him/her for his/her current address [thinking I could investigate through one of my AR friends] and he/she didn't say a word. Then, I tried another angle...as...perhaps I knew someone that was looking for a home in ABC/USA who would be interested... however, that didn't work either.

So, I told him/her that his/her offer probably wouldn't be considered but that I would think about some other options.

Would you write the offer up anyway? What would you do? Was I wrong to ask to talk to his/her listing agent?  Do these deals even exist anymore?

Karen Monsour, 954-464-4194 cell

www.KarenSellsFloridawaterfront.com

(Copyright© 2011 Karen L. Monsour, All Rights Reserved.)

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Best regards,

Karen Monsour, REALTOR®

Coldwell Banker Fort Lauderdale Beach
4757 N. Ocean Blvd.
Fort Lauderdale, FL 33308
954-464-4194 cell
954-969-9974 fax
www.KarenSellsFloridaWaterfront.com
A recent recipient of Realtor.com®'s "Award of Excellence" for online marketing.

Multi-million dollar producer.


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Rainmaker
143,370
Mike Mayer
Mike Mayer, Broker/Owner - i List For Less Realty, LLC - Lafayette, LA

I don't know all the details so from the minimal information shared, I would have to say that had it been me, I would have written the offer. The scenario presented is that you are the buyer's agent and NOT the listing agent on the home the offer is to be written on/for. Allow the seller's agent to obtain such information first-hand if they so choose. Why play middle-man?

Jun 13, 2011 04:06 PM #1
Rainmaker
409,251
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Mike,

I am a transaction broker.  Cannot put a lot of details out there as this is a current situation.

I don't want to waste the time of the listing agent if there is no chance in H-ll that their current home will sell so they can buy the one they like here.

Make sense?

Jun 13, 2011 04:13 PM #2
Rainer
248,050
Gerard Gilbers
Higher Authority Markeing - Asheboro, NC
Your Marketing Master

Let them write it up and present it to your seller with the advice that they counter without the contingency or that they provide proof of the listing. 

Jun 13, 2011 04:18 PM #3
Rainmaker
409,251
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Gerard,

I don't know for sure where you got confused. But, I have the buyer here in Florida...they have to sell their home elsewhere in the USA.  However, the " contingency or that they provide proof of the listing" is a good idea.  Thank you.

Jun 13, 2011 04:35 PM #4
Rainmaker
3,677,095
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Karen -- your request of the buyer was pretty simple and straight forward in my opinion.   Seems like too much a red flag type of response from what I am reading.   Best of luck in finding the truth.   

Jun 13, 2011 05:26 PM #5
Rainmaker
1,144,897
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Karen. If this buyer won't even give you information on the property they are selling then why waste your time with them? If they donlt trust you enough to even share this very basic information then I personally would wish them well and move on. The listing agent, if they are any good at all, will want to see the contract that is on their property. This is RE 101.

Jun 14, 2011 12:37 AM #6
Rainmaker
592,940
Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

I have used the "counter without the contingency or that they provide proof of the listing" before. It works quite well. Of course, it is often times beneficial to talk to an agent in town other than the listing agent, just to make sure you are getting a true story, ie. the saleability of the home, pricing, etc.

It is always nice (sarcasm btw) to find out that the buyer's home that is under contract is ALSO contingent on their buyer's home selling. Ever hear of the domino effect?

Jun 14, 2011 09:01 AM #7
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Rainmaker
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Karen Monsour

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!
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