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Updated over 7 years ago on . Most recent reply

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Darius Lipsey
  • South Bend, IN
6
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50
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Conflict with buyer's agent

Darius Lipsey
  • South Bend, IN
Posted
I'm purchasing my first home!!! I've taken the plunge and applied for financing and have been approved. I've been set up with an agent through my bank. I want to live in the property as my primary residence for a few years, but although it will be my primary residence it's also an investment so to me the numbers must make sense. I have a pre approval letter for a certain amount and I have enough cash for closing cost so all that it good. There are a couple of properties I'm interested in that are priced above my pre-approval amount and I'm not afraid to submit an offer based on what I can and am willing to spend, but the agent I'm working with feels it's a waste of her time to schedule a showing for a place outside my approval limit because "there's no way a seller would accept that offer." Yet most, not all of the places the agent is prepared to show me don't really fit my criteria outside of being in my price range. although I'd rather move faster, I don't mind a bit of patience for something I want to come up. I'm not sure how I should proceed because I want to press the issue feeling that I'd rather the seller disqualify me than be out of the game based on fear of rejection or an agent that may not understand what I'm trying to do. Does anyone, Agent or investor, have any advice or guidance on how I should treat this situation?

Most Popular Reply

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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
3,789
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

@Darius Lipsey So either your agent is giving you great advice or they're a little bit lazy.  If you're frustrated, why aren't you contacting the seller's agents directly?  There's Trulia, Zillow, Realtor.com, etc. and most will have who the agent is right there on the listing.  You can try and go direct and see where that lands you.  

Or, alternatively, try and find a middle ground with your buyers agent:  "Let me pick 10 properties, show them all to me, I'll make offers on the ones that I think fit my criteria.  If all of those offers get shot down, rejected, etc. we can revisit."  If the buyer's agent says no, doesn't have the time, etc. I wouldn't be afraid to ask if there's a junior agent in their office they can refer me to that has more time.  It doesn't sound like you want a consultative, seasoned agent but just someone that can get you into the door of the properties that you want to see.  

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