Barrier to Buyers Agent Accomplished

By
Real Estate Agent with Coldwell Banker F I Gray and Sons Residential, Inc.

Let me count the ways that the listing agent can block a buyers agent from getting their offer submitted.

Actually lets not, I have blogged on this before.

Lets talk about some new ones.

1).   Sellers agent uses a portal in which you must send the offer.   Portal only takes PDF's.  So if your proof of funds is in the wrong format.  TOO BAD.

2).   Refuse to take a proof of funds in Euro's.  Request the proof of funds be translated to dollars by the bank.  In my case it was 3 different proof of funds from 3 different banks.  This from a buyer in England....on a different time zone.

3).  Make the counter offer with terms that are unacceptable.  

         Sold as is, the seller will not renegotiate the contract due to inspections.   (I highly doubt that this seller understands the implications of this).

          PROOF OF FUNDS IN US DOLLARS.. Buyers who lives overseas can get a letter from their bank with the funds converted to US dollars.

          Deposit $5,000.   

         Buyer must create a new contract with these terms.  Portal will not take contracts with corrections or changes.  New contract must reflect all of these terms.

In this case there were 7 items, some of them acceptable.  I sent the full list to the buyer and he responded with his counter.  And gave them one hour to respond.  We did not resend a contract.  We sent a message up their portal.  In less that 30 minutes we will be making an offer on the buyers next choice.

Listing agent success!   They now still have a chance of keeping both sides of the commission.  Which by the way was the lowest of the 7 homes we made an offer on.

Did I mention I am the buyers agent?

 

 

 

 

 

 

 

 

 

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Rainer
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Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

The AZ Contract states "sold as is."  I am learning many who are engaged in real estate sales, are 100% clueless about the sales process.  Your observation about obstacles is great since great salespeople remove as many obstacles preventing sales success.  Truly enjoyed reading your post. Thank you.

Jul 03, 2019 07:39 AM #1
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Rainmaker
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Randal Jenkins

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