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New agent just called seller's agent and chatted with her, (seller's agent not knowing she is representing me now.) She told her no offers. My agent planted the it's overpriced seed again and I still need to call my old agent and let her know I am working with a different agent. I think I am the only party interested in it enough to buy. New agent is telling me to wait to offer. It's been on the market over 4 months.
New agent just called seller's agent and chatted with her, (seller's agent not knowing she is representing me now.) She told her no offers. My agent planted the it's overpriced seed again and I still need to call my old agent and let her know I am working with a different agent. I think I am the only party interested in it enough to buy. New agent is telling me to wait to offer. It's been on the market over 4 months.
I bolded the horrible advice. Why wait? Make an offer you're happy with. The only thing to gain by waiting is giving another buyer a chance to buy it while you wait. Maybe keep interviewing?
I bolded the horrible advice. Why wait? Make an offer you're happy with. The only thing to gain by waiting is giving another buyer a chance to buy it while you wait. Maybe keep interviewing?
I don't necessarily disagree with you. She says I don't want to be the first offer, which would pi$$ of the sellers. The selling agent says 'They aren't desperate'.
No, I am talking about the home I am buying which the agent took me to. Between the time spent there, discussing it on the phone and showing me a few other homes, I would say she has clocked about 15 hours.
It's funny that you keep saying you are buying this house. Might help if you let the seller in on this. Until you make an offer, you're not even at the point where you could claim you are trying to buy it.
It's funny that you keep saying you are buying this house. Might help if you let the seller in on this. Until you make an offer, you're not even at the point where you could claim you are trying to buy it.
I was just using the term buying to differentiate from my house which I would be selling.
Agents are nothing more tha salespeople...........like a used car salesperson. Dime a dozen.....fire them if you don't like them. There is always five more where they came from.
This is one of those situations where the seller is not going to sell their house to you, and then a year later they are going to sell it to someone else for even less than you offered. Doesn't hurt to try though.
Put in an offer and see what happens. If it doesn't work out, move on. There are always other houses.
Also, I wouldn't get involved with whether your old agent makes any money. If you don't have a contract and aren't happy, move on. It isn't your responsibility.
And, when I did put in an offer, I would do it through the listing agent if that is allowed in your state. This deal is going to be tight, and you need all the help possible to get this deal done.
And, when I did put in an offer, I would do it through the listing agent if that is allowed in your state. This deal is going to be tight, and you need all the help possible to get this deal done.
Ahhh...this is interesting. I have thought of this a little bit. It just bugs me a little knowing the realtor who is not helpful would get the full commission. I know it's not MY money.
Ahhh...this is interesting. I have thought of this a little bit. It just bugs me a little knowing the realtor who is not helpful would get the full commission. I know it's not MY money.
I say this because if the numbers come down to a small enough difference between you and the seller, and neither is willing to budge, it has been my experience that when the listing agent has both sides, they will give up one side to make the deal work.
I have done this many times.
On an over priced house, it might just make the difference between making a deal or not.
But, I would only do this if you where experienced in buying real estate. You don't have to be an expert, just familiar with the process and where to go for answers if need be. The buying agent, when you are the buyer, doesn't provide that much value. It isn't needed, especially when you have a specific property in mind.
I say this because if the numbers come down to a small enough difference between you and the seller, and neither is willing to budge, it has been my experience that when the listing agent has both sides, they will give up one side to make the deal work.
I have done this many times.
On an over priced house, it might just make the difference between making a deal or not.
But, I would only do this if you where experienced in buying real estate. You don't have to be an expert, just familiar with the process and where to go for answers if need be.
I know a bit about it. I have bought a few houses in my life.
This selling agent has been known to let listings sit and sit. My friend made an offer on one of her houses and she sold it a year later for $130k less.
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