Working with realtor

[Sonia Maldonado]

Hello, I’m looking at duplexes to house hack in Los Angeles. I have been working with a realtor and it’s slowly trickled down to me being the one sending them properties to look into- they give me a few more details about the property but doesn’t follow up to schedule a showing as he says he will. Things are kind of left in the air until I circle back. We recently got an email from the lender who sent financing examples on properties that I had identified with my max limit being about 10% below asking price. I know that’s not ideal but I think it doesn’t hurt to try, especially with homes that need cosmetic work and have been on market for about 45 days or more. My realtor basically said it’s a waste of time for everyone..

My questions are: Do I have too unrealistic expectations? Is it okay to offer 10% below asking price? (I’m in Los Angeles.) Should I seek a new realtor?

[Russell Brazil]

Every situation is different. Theres properties Ive got hundreds of thousands off list price....there are others where the properties even with significant days on market sell at 99% of list price. 

10% off though, lets say a $1 million property...10% off is a pretty big number.  If the seller were willing to sell at $900k...why wouldnt they then at least try that price? In cases like this, a verbal offer may best suit everyone.  Hey Mr Listing Agent...is it worth it writing up an offers at $900k. Theyll either tell you dont waste your time, or they might beg for an offer.