The strangest offer EVER!!!

By
Real Estate Agent with RE/MAX Access

I have a listing that has been on the market for quite some time.  We have received lots of showings since January and two offers.  The first offer fell through and the second one was one of the strangest offers I have ever seen.  To make the oddities easier to read I am going to bullet them...

  • The offer was faxed to my office without so much as a phone call to me from the agent (my office called to let me know an offer was in). - don't worry it gets worse
  • After a short time, I then got a call from a gentleman (I assumed to be the agent).  He informed me that he faxed an offer and wanted to know if I received it.  I told him it was at my office and I was going to go by there later to get it.  I also asked him if there was any way he might be able email it to me (I work primarily out of my home office) and my client is out of state.  Email is much more efficient for me!  He obliged.
  • I got the offer in my in-box and started to look over it, decent price (a little lower than asking), 500 earnest (a little low), requested 6000 closing cost (not horrible), did not ask for home warranty (which we offered), did not ask for option period, and did not fill in any agent info...other than name and number.
  • I then noticed that the name listed under agent was not the gentleman who had called or emailed the offer. - by this time it was after 5
  • I tried to call the number on the contract...went to a voice mail (a female from a mortgage company).
  • I tried to call the first gentleman back...went to voice mail, same mortgage company.
  • I called my client to give them the details, she decided to counter on the asking price but agreed to the closing costs.
  • No way to contact any of the parties involved until 8:00 the next morning.
  • At 8:00 the next morning, I called the numbers and finally got a hold of the "agent" (the person listed on the offer).  He quickly said "Oh, can I call you right back?".  I said "sure".
  • A few minutes later I got a return call FROM THE MORTGAGE GUY WHO EMAILED THE OFFER...NOT THE "agent".
  • I let him know the details of the counter and he said he thought his clients would be okay with that and that they would get back to us asap.
  • Over 24 hours later....the mortgage guy called and informed me that his clients had decided to withdraw the offer.
  • I did not speak to the "agent" during any of this except for the 7 words he uttered to me in a rush to get off the phone.

strange

I am kind of thinking that this is a blessing...not real sure this was an offer worth messing with!  Thankfully we have had 5 showings since and it looks like a possible offer or two coming in (fingers crossed!!!) this week!

Comments (10)

Marian Gregor-Ann
Keller Williams - Ann Arbor, MI
Arbor area Real Estate

Now Jeanna, this is just plain wierd. There is no way around it.

Mar 17, 2009 04:42 PM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Jeanna:  I am thinking that this goofy guy has really done you a favor by informing you that the client has withdrawn the offer.  It sounds like working it could lead to an absolute horror story.  My take... consider yourself lucky.

Mar 17, 2009 05:17 PM
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

That is definately weird.  I think it was best it went away as well. Hopefully it sells soon.

Mar 17, 2009 05:18 PM
Deb Hurt
Realty Pro Albuquerque - Albuquerque, NM
ABR, e-Pro,Green, TRC

This has about a thousand red lights flashing. I agree with the others, you probably had the best possible outcome on this one the way it turned out.

Mar 17, 2009 06:07 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Sometimes a good deal is getting out of a bad deal.  I wonder if the mortgage guy has a real estate license?  Kinda acting like he does.

Mar 17, 2009 11:30 PM
K.T. Ruthven
McKinney Realty of Aiken - Savannah River Plant, SC
ePro

Very strange indeed!  I once had a mortgage broker prepare an offer for his clients for a listing of my once.  He indicated on the contract that he would be acting as their agent (receiving the commission)  but he didn't have a real estate sales licence. 

Mar 18, 2009 12:20 AM
Kristin Moran
Owner - RE/MAX Access - KristinMoran@Remax.net - San Antonio, TX
San Antonio,TX - Real Estate - 210-313-7397

Sounds like something was fishy to me.  Glad they withdrew before wasting anymore of your time.  KM

Mar 18, 2009 10:10 AM
Jeanna Martinez
RE/MAX Access - Schertz, TX

Marian - yes...weird is the only word for it!

Karen, Chuck and Deb - absolutely, I think I am very lucky to have not had to deal with the mess that probably would have followed that offer!

Richard - I thought the same thing!  Who knows????

KT - So did the buyer end up closing?  That is really strange!

Kristin - I am glad no more time was wasted either!

Mar 18, 2009 02:23 PM
Jeanna Martinez
RE/MAX Access - Schertz, TX

Marian - yes...weird is the only word for it!

Karen, Chuck and Deb - absolutely, I think I am very lucky to have not had to deal with the mess that probably would have followed that offer!

Richard - I thought the same thing!  Who knows????

KT - So did the buyer end up closing?  That is really strange!

Kristin - I am glad no more time was wasted either!

Mar 18, 2009 02:23 PM
Matt Stigliano
Kimberly Howell Properties (210) 646-HOME - San Antonio, TX

Jeanna - I'm not sure what I would do with this one.  I think I would have went to my broker first...too many oddities for me to just dive in with a counter.  That's the good thing about my broker, he encourages us to do that when we feel something is odd.  I've had two weird offers...one on an older TREC form and only half filled out, and one that came to just about everyone in our office that had a listing (offering us less than half the list price...someone was fishing for a deal for an investor I assume).  Glad to hear that things are going well on it regardless of the odd offer.

Mar 19, 2009 09:45 AM