HOMEiZ.COM HOMEiZGROUP, THE REAL ESTATE SOCIAL NETWORK-COMING SOON (HOMEiZ.COM)

Spam prevention
Rainmaker
575,408
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

There's no way to conclusively know that a lowball offer is a waste of time until you submit it. If the buyer is a serial low baller, they may find themselves without an agent pretty quick.

Mar 27, 2018 05:19 PM
Rainmaker
4,316,940
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

no agent knows that an offer is a waste of time.... that's guess work.... write it up and get a denial.... but you may be very surprised....

Mar 27, 2018 05:11 PM
Rainmaker
1,079,547
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've written them before.  Takes 15 minutes or so to write an offer and get it shipped out for signature, so no biggie.

Mar 27, 2018 05:45 PM
Rainer
133,058
John Bear
RE/MAX - Lake Bluff, IL
I'm Too Busy For Your Referrals!

Never a waste of time, some need a little education after a few offers, if they don't learn soon after a few offers, go on to NEXT.

Mar 27, 2018 06:00 PM
Rainmaker
2,897,358
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Submit the offer. Share information with the buyer

 

Mar 27, 2018 05:52 PM
Rainmaker
369,208
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

If I am a Buyer Agent, I will advise my buyer that they are making a very LOW BALLED OFFER ... show them comparables and then write the offer.  Let the Negotiations BEGIN! IMHO

Mar 27, 2018 05:00 PM
Ambassador
2,585,098
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I have to admit, I've submitted Offers that I never thought, in a million years, would be considered, muchless accepted! Explain why you MAY not get a response and let the clients for whom you work submit as they wish!

Mar 27, 2018 10:16 PM
Ambassador
2,945,689
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Even lowball buyers get serious when they have seen the effort that goes into submitting a real offer.  Write it up and maybe the next one won't be so low.

Mar 27, 2018 07:32 PM
Rainmaker
815,588
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I'm with Candice A. Donofrio and sending her bonus points for a great new photo! 

Mar 27, 2018 06:30 PM
Rainmaker
214,303
Allie Angeloni
Long Realty - Oro Valley, AZ

For me, no Offer is a waste of my time HOMEiZ.COM HOMEiZGROUP.  One never knows what a seller might accept, and low-ball Offers can be risky, but we never know the backstory of the seller.  It may just be 'the start' of negotiations, and that would certainly 'be worth' everyone's while!  I would never make that judgment for a buyer, as it is not up to me to decide if it truly is a waste of time.  I don't know all of the details, but I would let my buyer know that if his Offer is too low, that could easily offend the seller, so there may be no negotiations - that would lead me to think that the buyer wasn't that serious . . . 

Mar 27, 2018 06:18 PM
Rainmaker
534,846
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

It's not for me to say what the Seller would consider a low ball offer.. I woudl submit it and see what happens... hopefully the Seller will not take this personally, if he/she findis it a lowbal offer, and consider it a busienss transaction, and provide a reasonable signback.  I've encountered that scenario before where it really makes the Seller angry and they refuse to sign it back.. that is the gamble.

Mar 27, 2018 06:15 PM
Rainmaker
1,190,172
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I have written low offers that I thought didn't have a snowball's chance in hell of getting accepted OR of getting a reasonable counter-offer. And I was surprised several times.

I will explain the market pricing/condition and if they insist on a very low offer, I will put it in anyway. Who knows what might happen?

Mar 28, 2018 03:26 AM
Rainmaker
1,356,376
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Depends, but sometimes a low offer is the right offer.

Mar 27, 2018 09:53 PM
Ambassador
3,439,944
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Should do both, never know what will get accepted until you try.

Mar 27, 2018 08:35 PM
Rainmaker
2,596,722
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

In my market, it is more than writing and submitting an offer.  We need to read and acknowledge all of the seller disclosures and submit signed disclosures with the offer.  It can take several hours. 

I would not tell a client it is a waste of time.  I explain the market and what buyers need to do to get their offer accepted. If they are not willing to do that, then I cannot help them achieve what they say they want. 

In different markets, my response may likely be different. 

 

Mar 27, 2018 07:19 PM
Ambassador
3,719,869
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I feel like it is the duty of agency to write the offer no matter how I feel it will be received. That does not prevent me from counseling the buyer and trying to persuade the buyer that the offer needs to be more realistic.

Mar 27, 2018 07:13 PM
Rainmaker
3,447,696
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Write it up..nothing ventured nothing gained! Let the chips fall were they lay..you might be surprised and have a happy ending!

Mar 27, 2018 06:27 PM
Rainmaker
630,650
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Make the offer and wait for the response. 

Mar 28, 2018 06:29 AM
Rainmaker
2,440,655
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

When we have a legal representation agreement with a buyer client, we are obliged to follow ALL legal instructions given us by the buyer... that includes writing a silly offer, which is not an illegal instruction (just stupid). Yes, it might be worth discussing the pros and cons of writing such an offer, but if a clients demands it we write it. To me, an offer is nothing more than a door opening for negotiations and stay in this business long enough and you never know when what seemed like too low and offer gets negotiated out to an acceptable agreement for both buyer and seller.

Mar 28, 2018 04:41 AM
Rainmaker
527,435
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

You just never, ever know.  I tell every seller that "any offer is an opportunity for discussion"... & of course, negotiation.  So write the offer for your buyer and get the discussion going.  Share the data, educate, educate some more and then write the offer.  If a buyer is interested enough to get that far they'll either get a lesson or the keys! 

Mar 28, 2018 04:39 AM
Rainmaker
194,901
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

write the offer,, or they will find someone who will,

sometimes they need to learn low balling an offer doesnt work, and once in a blue moon, you might be shocked and they accept..

 

Mar 28, 2018 04:25 AM
Ambassador
3,610,988
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

While you should discuss the issue of the offer, the asking price and the market, by all means write the offer. You never know where it may lead.

Mar 27, 2018 11:23 PM
Ambassador
4,064,800
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

HOMEiZ.COM HOMEiZGROUP - if it is too far from the realistic offer,.I do tell them that it is not worth!

If you insist, I will still send the offer.

Mar 27, 2018 10:41 PM
Rainmaker
3,563,318
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If they insist, we have to.  Sometimes this is how they learn lowball offers will not work.

Mar 30, 2018 06:55 AM
Rainmaker
670,014
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The agent is obligated to submit all offers.  Discussing the terms of the offer with the buyer is also in order, but at the end of the day if that's what the client wants, that's what the agent should do. Of course, if there's no Buyer Agency agreement, the agent may feel there is no client relationship and may not feel contractually obligated to submit? Depends on state laws and how that "agency" relationship is defined - might be implied based on showing activity, in which case agent would have no excuse not to write up and submit ANY offer.

Mar 28, 2018 09:08 AM
Rainmaker
3,775,128
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

You write the offer, and we would present to the owner.  Ultimately, the seller decides, as an agent you present the offer.  A

Mar 28, 2018 08:25 AM
Rainmaker
2,280,010
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The rule would be "come to Jesus". The exception would be the circumstances. Fine line between customer service and irrational behavior especially when it comes to money, greed, fear and power

Mar 28, 2018 07:31 AM
Rainmaker
1,382,568
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

It depends on how serious the buyer is. 30K off list is not serious - don't forget the client has to want the deal more than you for it to work!

Personally if I had comps I would not. You should write the offer for you client no matter what. There are too many circumstances here. 

Mar 28, 2018 07:30 AM
Rainmaker
415,208
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Depends on the situation, typically nobody wants their time wasted with a crappy offer. 

Mar 28, 2018 07:17 AM
Rainmaker
492,493
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Since when is it up to the agent to make that decision?

One of the questions that I ask a potential buyer who tells me they want a "good deal" is what do they think a good deal is?

If the answer is in "la la land"  I don't work with them.

However if you take on a buyer and start showing them properties, then it IS YOUR JOB TO PRESENT THE OFFER...

Eve

Mar 28, 2018 06:58 AM
Rainmaker
1,328,732
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

HOMEiZ.COM HOMEiZGROUP The agent has an obligation and fudiciary duty to present all offers. If they don't want to present an offer, they need to release the client from their agency responsibility.

Mar 28, 2018 06:45 AM
Rainmaker
4,308,512
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It depends on the customer.  If I refuse to write the offer it will be by telling this customer that I'm not the right agent for his needs.

Mar 28, 2018 05:48 AM
Rainmaker
2,962,208
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Candice A. Donofrio nailed this one!

Mar 28, 2018 05:46 AM
Rainmaker
2,665,529
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

As a buyer agent I would ask teh listing agent if any other offers were submitted and what was not taken. That is info most will share. As a listing agent i present all offers and have my seller counter all no matter how low

Mar 28, 2018 05:31 AM
Rainmaker
4,047,370
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do

Mar 28, 2018 04:59 AM
Rainmaker
2,685,063
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

If you don't ask the answer is always "NO"!

Mar 28, 2018 04:53 AM
Rainmaker
470,082
Dan Tabit
Northstone Real Estate Inc. - Sammamish, WA

How low is it?  How long has it been on the market? What is the buyer's rational for the offer?  I'd rather write an offer and hear a "no" than find out later that the home sold for what we might have offered.  

If it's an investor trolling for whatever might fall in their lap, I probably won't as that's not my business model. If it's a sincere buyer where I might gain credibility with them for the effort, I might. 

Mar 27, 2018 09:29 PM
Rainmaker
117,983
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

I would write the offer and present it. However, I rarely have a buyer that low-balls. First, I have learned to separate the lookers from the buyers. Next, I  educate, pace, pre-qualify and lead the buyer to an educated buying decision. If you are good at doing this, you won't get many low-ballers. 

Mar 27, 2018 07:12 PM
Rainmaker
196,430
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

If a Buyer wants to write an offer, If the agent is a Buyer's agent representing the Buyer, By law you better write it!

Mar 27, 2018 06:48 PM
Ambassador
2,720,879
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I never miss an oportunity to start a negotiation

Mar 29, 2018 08:14 PM
Rainmaker
4,650,456
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Write and submit the offer. 

Mar 28, 2018 10:59 AM