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We're interested in a home that's been on the market for over a year. It has serious foundation problems that would require an immediate investment of $5,000 to $20,000 to make it right, therefore no other buyers are going near it. We feel it would be a worthwhile purchase because the home is in otherwise great condition, fits our needs as a family & is in the ideal neighborhood.

We put in a low offer hoping the seller would take into consideration the money we'd have to spend to fix problems, but were turned down same day with no counter offer. We were ready to negotiate & raise our offer if necessary, but the she never even gave us that opportunity.

I would like to write seller a friendly letter explaining our reasons for the low offer, and also to open the lines of communication in case she decides she's ready to negotiate later. I would ask that she contact us via our RE agent to keep things on the up and up. Everything has gone through agents so far, so is this acceptable?

2007-02-25 04:27:44 · 7 answers · asked by Anonymous in Business & Finance Renting & Real Estate

7 answers

I disagree with everyone else. Go ahead and feel free to contact the seller directly. See if you can negotiate the deal and then get your agents involved if it was a positive outcome. That way you have a chance for a one to one meeting while not stepping over your agents.

Regards

2007-02-25 08:59:56 · answer #1 · answered by Anonymous · 0 0

hmmmmm uphill wrestle. Your agent will could desire to have finished that in the time of an explicatory letter to the seller's agent at an analogous time as the present became as quickly as made. Sound like all individual gained their ego harm at distinctive end. Or who's ordinary with of could be the seller's agent offered the itemizing and now would not comprehend what to do and specific giving the unsuitable advice. i will make yet yet another cutting-edge besides the incontrovertible fact that this time have the letter of clarification from you on your agent hooked as much as a letter out of your agent to the seller's agent explaining why the present cost is what that is. Buena Suerte

2016-09-29 21:40:13 · answer #2 · answered by ? 4 · 0 0

hmmmmm uphill battle. Your agent should have done that in an explicatory letter to the seller's agent when the offer was made. Sound like someone got their ego hurt on the other end. Or who knows maybe the seller's agent bought the listing and now doesn't know what to do and might be giving the wrong advice.
I would make another offer but this time have the letter of explanation from you to your agent attached to a letter from your agent to the seller's agent explaining why the offer price is what it is.
Buena Suerte

2007-02-25 04:36:26 · answer #3 · answered by newmexicorealestateforms 6 · 0 0

Your agent needs to contact the seller regarding re-negotiations. Everything should go Thur the selling and buying agents. The seller is probably aware of the defects but is hoping for a decent price. Open negotiations with a new contract- up the offer and go from there with your AGENT.

2007-02-25 05:14:09 · answer #4 · answered by Anonymous · 0 0

You most certainly mat contact them and explain yourself. I have me buyers include letters with their offers sometimes if its low explaining why. I would say that your offer must have been insulting if the have been on the market over 1 yr and have not sold, and then to flat out refuse you? Seems odd. You may be able to reconcile this deal, but i would make my letter very warming. Are they already asking what they consider to be a fair price with the condition their house is in already?
there are a lot of factors here, but i would say start by sending a letter.
RE Agent,
Remax

2007-02-25 10:59:21 · answer #5 · answered by frankie b 5 · 0 0

The two agents need to communicate. It is not acceptable for you to contact the buyer directly and could open you up to a lawsuit from one or both agents. If the sellers wanted to talk to buyers they would not have hired an agent to talk on their behalf.

Submit another offer, 500 more and have your agent list reasons.

2007-02-25 04:37:29 · answer #6 · answered by Anonymous · 0 0

Yes in Texas we have a letter in our zip forms that we can print out. But i wouldnt see a problem. You just done want to make the seller mad with a bad offer

2007-02-25 04:37:56 · answer #7 · answered by Fort-Worth-Texas-Realtor 1 · 0 0

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