Why Do Some Realtors/ Agents Avoid Submitting Low Ball Offers?
Real Estate Investor · Sacramento, CA · Member since 2015 · 26 posts · 9 votes
Why Do Some Realtors/ Agents Avoid Submitting Low Ball Offers?
Most Popular Reply
Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
10yA good listing agent will ask an owner what break point they don't want to receive any offers, "Mr Owner, there are many out there that make low ball offers, some can be absurd and by law I will need to present such offers to you unless you give me a "stop order" at a price that is unacceptable to you". At that point the Realtor and agent find the bottom price and conditions that are acceptable.
Now, any offer received below that number is in the domain of the Realtor to reject under the owner's instructions!
Believe it or not, Realtors get a reputation among their peers, other Realtors!
If I'm the broker and have 200 active listings with 100 agents, I'm getting copies in my office of all buy offers or listings. I have to file this stuff and retain documents, it varies as to what must be kept but it's a legal requirement.
Low ball offers waste my agent's time and mine, especially if my agents don't get a stop offers order, as they must be presented, even a phone call takes time and it also ticks off my owner client taking up their time, especially if they are busy. An agent can't tell a seller what to accept, they can say I know we can do better than this!
On an MLS listing a listing agent may put additional details that only members can view, it could say the owner has a minimum for offers to be rejected. That's when a buyer's agent's experience comes in, they know the market and know that some low ball offer isn't going to fly. There may not be anything in the details of that listing, but the agent already knows a low ball without written justification isn't going to fly.
The agent that accepts such offers is basically saying, "hey, please waste my time and reputation" if that's the case, you have a dud for an agent.
Then, when I see an agent's name on those low ball offers, swamping my office and wasting my time and my agent's I'm questioning the professionalism of that agent. Not only do I not want to work with that agent but I'd rather not have them trying to do business with us.
Then the "word" gets around in the office "stay away from that agent, all they do is waste your time". Now, that agent is cooked, s/he is being avoided! That's not a good place to be as an agent.
As to the make the offer yourself......LOL, if it's on the MLS the contract must be the one adopted by the Board of Realtors, it can be as an amendment to another contract but you're adding more work on the listing agent. Not having a buyer's agent as a new investor is a fool's game because you're usually unaware of the duties of the listing agent and the owner's instructions.
Generally, on a retail platform, 20% under the asking price is a low ball offer, but generally accepted to present. I'm talking about move in ready homes, not some gutted rehab project.
Lastly, the OP is too far off saying rehab costs would be 20 to 30K (or whatever) I think he was off with a range about 50%, I can get closer than that in my head after a 10 minute walk through. I'd also suggest you dump that mentor.
New folks that use rules of thumb aren't going to be in business long. Throwing out offers 70+% of an asking price, you need to learn how to sharpen a pencil. You're passing up opportunities if you don't know how to value a property and understand the utility aspects of a property to force more appreciation by renovations. If you know what you're doing you can make money paying more than an asking price! If you have a hot market that usually means investors are there who know what they are doing, if you don't know, you can't compete!
Learn the basics of real estate and you'll understand how to use other professionals and how to seek out opportunities. Good luck :)
62 Replies
- Real Estate Agent/Property Management · Houston, TX · Member since 2014 · 1k+ posts · 827 votes10y
The Realtor has a fiduciary responsibility of obedience, which means they must follow your instructions as long as they are legal. And that includes submitting lowball offers in my opinion.
Why do you think your Realtor is not submitting your offers? Did they tell you that? Or are you just assuming that because your offers aren't being accepted?
- Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes10y
I would drop my agent if he refused to submit my offers. If I submit something that sounds pretty low I usually give him some rationale as to my offer, but I only do so because we've worked together for a while. Likewise, we have done enough deals together that he knows that I'm a serious buyer. Have you worked any deals with this realtor before?
Skyline Properties - Contractor · Fort Worth, TX · Member since 2015 · 379 posts · 740 votes10y
The fact that you're talking about "breaking the law" indicates to me that you don't have a solid working relationship with this Realtor. Whether he/she is technically violating some regulation is pretty irrelevant - there's so damned many regulations out there we're all in violation of several a day.
If you're a serious player who buys properties off MLS regularly, you should have no trouble finding a realtor who wants to work with you. Work at it until you find one who's a good fit.
If you're a newbie who has bought no/few properties, and you're wanting a Realtor - whose time and expertise are their valuable commodities - to submit offers he/she doesn't think are realistic, and ignoring their advice, then you aren't being a good client. You need to find a Realtor who's willing to work with you, given where you're at, and build a good working relationship.
I've had several Realtors over the years. I don't buy much off MLS anymore, but when I do, I want to have someone who knows and understands the way I work. I have one, and she's very valuable, and makes enough of what I do buy - and the properties I sell - that I'm worth her time.
It's a process to build a good working relationship, but you have to be sure you're being a good client on your end.
- Real Estate Investor · Sacramento, CA · Member since 2015 · 26 posts · 9 votes10y
Hi Fred thanks for your response. The reason why I know realtors and agents my partner and I have worked with do not like submitting low ball offers is because we've heard them tell us that our offers are too low. Even when I've showed them several properties that have sold for the same price where offering. We've even had two realtors we've worked with speak with our mentor (who's been investing since 1975) believe that he's being unreasonable because he advises that we offer no more than 50-60% of the ARV and no more than $100 earnest money.
They will not say that they will not submit the offers for us because this would give a reason to report them to the association of realtors. However, they usually avoid communicating with us. For example, two weeks ago we submitted and offer of $88k for a property that was listed for $106k with a $250 EM. I estimated that the property needed about $30k to $50k in repairs, so in my opinion, our offer was too high. Nevertheless, about a week later the realtor said our offer didn't get accepted.
Okay, no problem I thought...we'll just move on to the next property. I called the realtor and now he's been avoiding us by not responding to our email, text, or phone call just like the other realtors we've worked with in the past. This is about the 10th realtor we've worked with and typically when they decide to cut ties they don't tell us. They generally just stop communicating.
- Investor · Princeton, TX · Member since 2014 · 1k+ posts · 1k+ votes10y
I know buyers that are willing to submit 100 offers for each one that gets accepted. I do not know any agents that are willing to generate that many offers for one deal.
How many offers are you submitting for each that gets accepted?
You might consider paying a flat fee for someone to submit them.
- Real Estate Investor · Sacramento, CA · Member since 2015 · 26 posts · 9 votes10y
JD, thanks for your response. No my partner and I haven't worked any deals with this realtor.
Michael Biggs, thanks for your response. My partner and I would like to submit a 100 offers, but as you've mentioned no realtors or agents in this area are willing to do anything like that. We would like to subit 10 or more offers a month, but finding several realtors and agents that's willing to do this is like trying to find a needle in a hay stack.
If anyone has any referrals in the Sacramento area, let me know.
- Investor · El Dorado Hills, CA · Member since 2012 · 1k+ posts · 1k+ votes10y
Sacramento is a fairly hot market. Submitting offers on MLS deals that are 20% below asking with <$1000 in EMD is likely a waste of time for most agents. Are you a legit cash buyer with solid POF, a bank statement rather than a hard money letter with some fuzzy wording? Anything under $250k is getting multiple strong offers so the agents you are working with are getting discouraged at their chances of being successful so they focus their efforts elsewhere. If you have burned through 10 agents without closing a deal, maybe you need to adjust your approach or get licensed so you can submit as many offers as you want.
- Real Estate Broker · Redwood City, CA · Member since 2014 · 679 posts · 888 votes10yI am an agent myself and submit offers myself. However, usually in ca the offers I submit is at or above asking, all cash no contingency at all. If there are 15 offers on a property, and you want your agent to submit an offer 20% below asking, the agent will think you are wasting their time and your time. They can refuse to work with you, which is perfectly legal. If your offer is reasonable, and the agent does not want to submit your offer, find another agent. It's a free market.
- Real Estate Agent · Sacramento, CA · Member since 2015 · 338 posts · 135 votes10y
Did you sign buyer agency agreement with the agents? If not, they have the right not to submit low ball offers. And to be honest $88k offer with a list price of $106k and a $250 emd is a waste of time. Are you a wholesaler or do you have the funds to purchase? Most deals I'm seeing require around 10% emd to show the sellers you are a serious buyer. Not to mention anything flipable under $200k usually gets multiple offers over asking.
- Investor · Princeton, TX · Member since 2014 · 1k+ posts · 1k+ votes10y
At the 100 offers or more per transaction point, I see two options. First... Submit the offers yourself without an agent, which could give you more wiggle room with the price. Second... Pay a flat fee per offer. Make sure you make it as simple as possible for them to make the offers to get the cheapest price. If the only things the agent had to change on each offer was the a) seller's information b) property information c) price d) seller's agent's information; it would not take them long.
If you did the offers in big batches, and used a young hungry agent with a good commission agreement with their broker, they would probably do it for $20-$50 per offer.
Of course they would also get the commission from any transactions.
I am thinking somewhere in that price range the agent would be happy to submit as many offers as you want.
- Real Estate Investor · Sacramento, CA · Member since 2015 · 26 posts · 9 votes10y
Thanks Joe for your response. Yes I'm a legit cash buyer with a solid POF.
Derek, my patner and I sign an agreement with every realtor or agent for each property we submit an offer for. However, we do not sign an exclusive agreement because we want the freedom to work with multiple realtors and agents just as they want the freedom to work with multiple buyers. Yes, We are wholesalers and we have the funds to purchase.
Michael Biggs, thanks for the advise. I suppose your idea would work seeing that offering $20-$50 to submit multiple offers below market value maynot make a realtor or agent feel like it's a wast of time. However, this would be very expensive to do.
I hope everyone reading this post has read the comments from those in CA. You can see a huge difference in the way realtors from my area perceive low ball offers compared with other realtors and agents from other parts of the country. I appreciate everyone for commenting on my post. I look forward for more feed back.
- Real Estate Broker · Redwood City, CA · Member since 2014 · 679 posts · 888 votes10yI really doubt that you can wholesale from MLS using a realtor. Your competitor, someone with a broker license, can beat your purchase price by 3%. I think your best bet is off MLS properties. As an investor, I hold broker license just for the purpose to reduce the purchase price. I am sure a lot of other investors also do the same. You are at a significant disadvantage due to: 1: your competitor with a license can look at any MLS listed property a lot easier and a lot quicker, since they do not need the help from a realtor. They can find better deals. 2: your purchase price is higher than your competitor. Since I buy properties most from MLS, as soon as an REO or any other distressed sale hit MLS, i will likely check it out the same day. Offer will be out the same day or next day. Even that, I still got a lot competition to get those properties. If you wait a few days and schedule with your agent to see the house, it's too late. By then, there is no more deals per se. How can you wholesale those and make any money?
- Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes10y
A good listing agent will ask an owner what break point they don't want to receive any offers, "Mr Owner, there are many out there that make low ball offers, some can be absurd and by law I will need to present such offers to you unless you give me a "stop order" at a price that is unacceptable to you". At that point the Realtor and agent find the bottom price and conditions that are acceptable.
Now, any offer received below that number is in the domain of the Realtor to reject under the owner's instructions!
Believe it or not, Realtors get a reputation among their peers, other Realtors!
If I'm the broker and have 200 active listings with 100 agents, I'm getting copies in my office of all buy offers or listings. I have to file this stuff and retain documents, it varies as to what must be kept but it's a legal requirement.
Low ball offers waste my agent's time and mine, especially if my agents don't get a stop offers order, as they must be presented, even a phone call takes time and it also ticks off my owner client taking up their time, especially if they are busy. An agent can't tell a seller what to accept, they can say I know we can do better than this!
On an MLS listing a listing agent may put additional details that only members can view, it could say the owner has a minimum for offers to be rejected. That's when a buyer's agent's experience comes in, they know the market and know that some low ball offer isn't going to fly. There may not be anything in the details of that listing, but the agent already knows a low ball without written justification isn't going to fly.
The agent that accepts such offers is basically saying, "hey, please waste my time and reputation" if that's the case, you have a dud for an agent.
Then, when I see an agent's name on those low ball offers, swamping my office and wasting my time and my agent's I'm questioning the professionalism of that agent. Not only do I not want to work with that agent but I'd rather not have them trying to do business with us.
Then the "word" gets around in the office "stay away from that agent, all they do is waste your time". Now, that agent is cooked, s/he is being avoided! That's not a good place to be as an agent.
As to the make the offer yourself......LOL, if it's on the MLS the contract must be the one adopted by the Board of Realtors, it can be as an amendment to another contract but you're adding more work on the listing agent. Not having a buyer's agent as a new investor is a fool's game because you're usually unaware of the duties of the listing agent and the owner's instructions.
Generally, on a retail platform, 20% under the asking price is a low ball offer, but generally accepted to present. I'm talking about move in ready homes, not some gutted rehab project.
Lastly, the OP is too far off saying rehab costs would be 20 to 30K (or whatever) I think he was off with a range about 50%, I can get closer than that in my head after a 10 minute walk through. I'd also suggest you dump that mentor.
New folks that use rules of thumb aren't going to be in business long. Throwing out offers 70+% of an asking price, you need to learn how to sharpen a pencil. You're passing up opportunities if you don't know how to value a property and understand the utility aspects of a property to force more appreciation by renovations. If you know what you're doing you can make money paying more than an asking price! If you have a hot market that usually means investors are there who know what they are doing, if you don't know, you can't compete!
Learn the basics of real estate and you'll understand how to use other professionals and how to seek out opportunities. Good luck :)
Originally posted by @Bill Gulley:
A good listing agent will ask an owner what break point they don't want to receive any offers, "Mr Owner, there are many out there that make low ball offers, some can be absurd and by law I will need to present such offers to you unless you give me a "stop order" at a price that is unacceptable to you". At that point the Realtor and agent find the bottom price and conditions that are acceptable.
Now, any offer received below that number is in the domain of the Realtor to reject under the owner's instructions!
Believe it or not, Realtors get a reputation among their peers, other Realtors!
If I'm the broker and have 200 active listings with 100 agents, I'm getting copies in my office of all buy offers or listings. I have to file this stuff and retain documents, it varies as to what must be kept but it's a legal requirement.
Low ball offers waste my agent's time and mine, especially if my agents don't get a stop offers order, as they must be presented, even a phone call takes time and it also ticks off my owner client taking up their time, especially if they are busy. An agent can't tell a seller what to accept, they can say I know we can do better than this!
On an MLS listing a listing agent may put additional details that only members can view, it could say the owner has a minimum for offers to be rejected. That's when a buyer's agent's experience comes in, they know the market and know that some low ball offer isn't going to fly. There may not be anything in the details of that listing, but the agent already knows a low ball without written justification isn't going to fly.
The agent that accepts such offers is basically saying, "hey, please waste my time and reputation" if that's the case, you have a dud for an agent.
Then, when I see an agent's name on those low ball offers, swamping my office and wasting my time and my agent's I'm questioning the professionalism of that agent. Not only do I not want to work with that agent but I'd rather not have them trying to do business with us.
Then the "word" gets around in the office "stay away from that agent, all they do is waste your time". Now, that agent is cooked, s/he is being avoided! That's not a good place to be as an agent.
As to the make the offer yourself......LOL, if it's on the MLS the contract must be the one adopted by the Board of Realtors, it can be as an amendment to another contract but you're adding more work on the listing agent. Not having a buyer's agent as a new investor is a fool's game because you're usually unaware of the duties of the listing agent and the owner's instructions.
Generally, on a retail platform, 20% under the asking price is a low ball offer, but generally accepted to present. I'm talking about move in ready homes, not some gutted rehab project.
Lastly, the OP is too far off saying rehab costs would be 20 to 30K (or whatever) I think he was off with a range about 50%, I can get closer than that in my head after a 10 minute walk through. I'd also suggest you dump that mentor.
New folks that use rules of thumb aren't going to be in business long. Throwing out offers 70+% of an asking price, you need to learn how to sharpen a pencil. You're passing up opportunities if you don't know how to value a property and understand the utility aspects of a property to force more appreciation by renovations. If you know what you're doing you can make money paying more than an asking price! If you have a hot market that usually means investors are there who know what they are doing, if you don't know, you can't compete!
Learn the basics of real estate and you'll understand how to use other professionals and how to seek out opportunities. Good luck :)
Hi Bill,
I tried the web site in your signature. It didn't work. Might be a firewall issue on my side but I wanted to ask.
- Investor · Indialantic, FL · Member since 2013 · 111 posts · 76 votes10y
As usual, @Bill Gulley is preaching the truth!
@Lamont Mitchell, perhaps a better use of everyone's time would be for you to give your agent a letter of intent with your price and terms along with your POF that your agent can submit to the listing agent. If they like your LOI they'll tell you to submit an offer. Using a form letter that you just need to change the address and offer price you should be able to crank out 100's of LOI's a month.
Originally posted by @Daria B.:
Originally posted by @Bill Gulley:
A good listing agent will ask an owner what break point they don't want to receive any offers, "Mr Owner, there are many out there that make low ball offers, some can be absurd and by law I will need to present such offers to you unless you give me a "stop order" at a price that is unacceptable to you". At that point the Realtor and agent find the bottom price and conditions that are acceptable.
Now, any offer received below that number is in the domain of the Realtor to reject under the owner's instructions!
Believe it or not, Realtors get a reputation among their peers, other Realtors!
If I'm the broker and have 200 active listings with 100 agents, I'm getting copies in my office of all buy offers or listings. I have to file this stuff and retain documents, it varies as to what must be kept but it's a legal requirement.
Low ball offers waste my agent's time and mine, especially if my agents don't get a stop offers order, as they must be presented, even a phone call takes time and it also ticks off my owner client taking up their time, especially if they are busy. An agent can't tell a seller what to accept, they can say I know we can do better than this!
On an MLS listing a listing agent may put additional details that only members can view, it could say the owner has a minimum for offers to be rejected. That's when a buyer's agent's experience comes in, they know the market and know that some low ball offer isn't going to fly. There may not be anything in the details of that listing, but the agent already knows a low ball without written justification isn't going to fly.
The agent that accepts such offers is basically saying, "hey, please waste my time and reputation" if that's the case, you have a dud for an agent.
Then, when I see an agent's name on those low ball offers, swamping my office and wasting my time and my agent's I'm questioning the professionalism of that agent. Not only do I not want to work with that agent but I'd rather not have them trying to do business with us.
Then the "word" gets around in the office "stay away from that agent, all they do is waste your time". Now, that agent is cooked, s/he is being avoided! That's not a good place to be as an agent.
As to the make the offer yourself......LOL, if it's on the MLS the contract must be the one adopted by the Board of Realtors, it can be as an amendment to another contract but you're adding more work on the listing agent. Not having a buyer's agent as a new investor is a fool's game because you're usually unaware of the duties of the listing agent and the owner's instructions.
Generally, on a retail platform, 20% under the asking price is a low ball offer, but generally accepted to present. I'm talking about move in ready homes, not some gutted rehab project.
Lastly, the OP is too far off saying rehab costs would be 20 to 30K (or whatever) I think he was off with a range about 50%, I can get closer than that in my head after a 10 minute walk through. I'd also suggest you dump that mentor.
New folks that use rules of thumb aren't going to be in business long. Throwing out offers 70+% of an asking price, you need to learn how to sharpen a pencil. You're passing up opportunities if you don't know how to value a property and understand the utility aspects of a property to force more appreciation by renovations. If you know what you're doing you can make money paying more than an asking price! If you have a hot market that usually means investors are there who know what they are doing, if you don't know, you can't compete!
Learn the basics of real estate and you'll understand how to use other professionals and how to seek out opportunities. Good luck :)
Hi Bill,
I tried the web site in your signature. It didn't work. Might be a firewall issue on my side but I wanted to ask.
This works: https://generalrealestateacademy.com/
@Bill Gulleyah! Thank you sir. This is why copying and pasting doesn't always work. :/ I didn't notice the lack of the .com. :{o}
- 10yMike CumbieBusiness MemberREALTOR® · Brockport, NY · Member since 2015 · 3k+ posts · 4k+ votes
Hi @Lamont Mitchell,
"Why Do Some Realtors/ Agents Avoid Submitting Low Ball Offers?"
In my opinion it comes down to the type of business the agent would like to portray. In the end it is their business and their reputation on the line. I would think many agents want the reputation of being "A solid well respected agent, well versed and able to close the deal by working problems intelligently and with integrity". I don't think a whole lot want their business to be known as "Oh that guy that always comes in with offers 60% of the asking price on every house in town".
When you do that other realtors laugh when you walk out of a room, nobody wants to refer their clients to you when they just don't have the time to work with them and sellers will never list with you because your going to market it to people who are going to rake them over the coals on their listing. If it was me I don't think there is a client I would put my reputation on the line for. Some agents are looked at as "Macy's", others "Walmart" and some "Joes pawn and waffle house".
If I was an agent and someone wanted me to write a hundred low offers, I would not have any doubt that the second something happened in the contract, they would be asking me to take less of a commission to "Make the deal work". I know a lot of contractors see the same thing. An investor that agrees to a job, then while there a lot of "freebie repairs" get tacked on and then when all done they are told.... "Oh I can pay when it sells" instead of "upon completion" or "as we go". It is about how much you respect the other persons time, if you don't value their time you are only going to find people who don't value it either.
Just my 2 cents of course and Good Luck on your investing!
- 10yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
@Lamont Mitchell listing agents are required to.. But selling agents ( your agent ) they don't have to accept you as a client.. they can refuse to work with you.. nothing requires them to work with anyone..
If you approach a listing agent, and they won't represent you then you have to find an agent that will.. the LISTING agent also is not required to represent you.. They are only required to forward offers that are sent to them from other agents. And in most markets listing agents will not double end deals and are instructed by their brokerages not to do that because of confict issues.
Sellers can also in their listing contract specifically state they will not entertain offers of a certain amount and do not present them.. in that case listing agent can follow their sellers directions.
I was just at a Guru event and that was a question that the audience brought up for the guru how the heck do you make a bunch of offers.. Well of course this is a nationally known guru so I suppose he performs so realtors will go out of their way.
their response was they simply have the agent fill out one form.. leaving address and purchase price and seller blank. and instruct their agent to just photo copy it and put in the pertinent info.. NOt sure if every Board of Realtors will approve of this method or every broker but that's one way.
- Investor · Atlanta, GA · Member since 2014 · 415 posts · 299 votes10y
Originally posted by @Lamont Mitchell:
Thanks Joe for your response. Yes I'm a legit cash buyer with a solid POF.
Derek, my patner and I sign an agreement with every realtor or agent for each property we submit an offer for. However, we do not sign an exclusive agreement because we want the freedom to work with multiple realtors and agents just as they want the freedom to work with multiple buyers. Yes, We are wholesalers and we have the funds to purchase.
Michael Biggs, thanks for the advise. I suppose your idea would work seeing that offering $20-$50 to submit multiple offers below market value maynot make a realtor or agent feel like it's a wast of time. However, this would be very expensive to do.
I hope everyone reading this post has read the comments from those in CA. You can see a huge difference in the way realtors from my area perceive low ball offers compared with other realtors and agents from other parts of the country. I appreciate everyone for commenting on my post. I look forward for more feed back.
Lamont, you indicate that offering $20-$50 per offer to submit multiple offers "would be very expensive to do..." Do you not see the irony here? I am an investor with a real estate license and procured that license almost exclusively to submit my own offers. As another Agent mentioned, it can take 1-2 hours to write-up and submit an offer but you seem to think an Agent should waste their time submitting low ball offers they know won't possibly be accepted? My time is worth at least $20-$50 an hour, especially knowing a commission will never materialize with these offers.. not to mention the hit to an agent's reputation. I can understand your mentor's advice (50-60% ARV w/$100 EMD) when making offers on off-market deals or properties, but on MLS listed properties, you are likely wasting your time and everyone else's and any decent realtor won't waste their precious time playing the lottery. Lastly, unless you've signed an exclusive Buyer Broker Agreement, the Agent has no responsibility, legal or otherwise, to submit your lowball offer. Does anyone actually accept or even take seriously offers with $100 EM Deposits?
- 10yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
@David Begley that must have been a misprint he probably meant 10% EM deposits.
50 to 100 dollars in CA will get you LAUGHED out of the room... LOL. I can see that in the rust belt and other mid west areas were your buying 5k houses.
But NOT IN CA.. not by a legit buyer... Too funny that one.
@Lamont Mitchell if your buying at those metrics MLS is most likely a waste of everyone's time especially yours.. you need to be finding your own deals. And or get your own license. its a few grand then you can hammer away at low ball offers..
- Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes10y
Originally posted by @Lamont Mitchell:
Okay, no problem I thought...we'll just move on to the next property. I called the realtor and now he's been avoiding us by not responding to our email, text, or phone call just like the other realtors we've worked with in the past. This is about the 10th realtor we've worked with and typically when they decide to cut ties they don't tell us. They generally just stop communicating.
If you have been through 10 Realtors, that tells me that you are doing something wrong. It might be a time to take a long hard look at how you are doing business. I can see going through 2 or 3 Reators, then understanding I need to change what Im looking for in an agent. But if you have been through that many, it is time to take a strong hard look and understand what you are doing wrong.
District Invest Group545 Reviews - I didn't read ALL the responses, but the OP also needs to know that in general real estate "law", the SELLER has NO obligation to even acknowledge your offer. They don't have to respond to your agent/offer in ANY way. Not verbally, not in writing, and certainly not with a counter offer. Ie: your agent probably IS submitting the offers and the sellers aren't wasting time, energy, money, or breath responding to your lowball (as they perceive it) offer. Just FYI
- 10yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Russell Brazil:
Originally posted by @Lamont Mitchell:
Okay, no problem I thought...we'll just move on to the next property. I called the realtor and now he's been avoiding us by not responding to our email, text, or phone call just like the other realtors we've worked with in the past. This is about the 10th realtor we've worked with and typically when they decide to cut ties they don't tell us. They generally just stop communicating.
If you have been through 10 Realtors, that tells me that you are doing something wrong. It might be a time to take a long hard look at how you are doing business. I can see going through 2 or 3 Reators, then understanding I need to change what Im looking for in an agent. But if you have been through that many, it is time to take a strong hard look and understand what you are doing wrong.
Lamont there may be a hint in there somewhere... I would think its obvious to you that what you bring to the table is not worth the effort for the agent and one of the great things of being a RE broker ( and I is one for 40 years) is we chose our clients.. We are in no way obligated to work with anyone.. Unless we have a contractual agreement. This is a perfect example this thread of how misunderstood the industry is by ley people..
- 10yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
@Karyn T. great point Karyn if I get a low ball on one of my new constructions here in Oregon I just politely tell the agent it won't work ( as agents are our lifeblood so we are very polite) but I don't waste time printing it out or doing a counter with a rejection.. just let it die a natural death. I just tell the agent I am going to let it expire.
Join the conversationCreate a free account to reply, vote on answers and follow this thread.