nervous buyer?

Question

so this week has been pretty nerve racking. we have bid on 2 different houses. we apparently lost the first house to an identical bid for reasons undisclosed by our buyer's agent.

the second house we put in an offer thinking we'd get a counter offer. they didnt even respond. the seller's agent didnt even answer or call our agent back today hours before the deadline.

i am getting frustrated. does anyone have any advice/blog links on other people going through a similar situation? the lack of communication is really starting to bother me. why is there so little communication during this process? the for-sale by-owner route is getting more appealing to me as my experience goes on.

advice/comments appreciated.

Answer 1

Well, I am an Agent and Loan Officer, and I deal with the most laziest agents out there! They're either too busy to do most things right, or, they don't know how. Basically, if you're not their deal, they don't care about you. It's a sad truth, and one that has given Real Estate Agents such a bad rep. Really, the only way I found a way around this is to constantly harp on the other agent until I get an answer. They get annoyed sometimes, yes, but, hey, I get my answers. And, no, your agent is not allowed to disclose the details of another offer. Another bad truth about listing agents is if they have found a buyer on their own, they will present other offers to the seller, but make them look horrible in comparison to their buyer, just so they can double end (get the listing and buyer's agent) commissions. For Sale By Owners are good, since you will have your buyer's agent to (hopefully) double check everything and make sure it is legitimate. But, one of the frustrating things you will find in FSBO's is that sometimes, if they are not willing to pay an agent to list their home, they may not be willing to pay much, if anything to a buyer's agent. My suggestion to you is to:
1. Evaluate your agent-make sure they are staying on top of everything like they should be. If you feel they are not answering your questions to your satisfaction, get a new one! There's plenty of us out there!
And
2. Look on your own. Bring properties to your agent's attention. Submit offers at full asking price, and make it contingent on a home inspection.

I wish you the best of luck on things, and just remember it's not an easy process, and can sometimes be full of bumps in the road. All you can do is hold on tight, and stay on the path!

Answer 2

Worry? Not particularly. This isn't the one residence on the earth, and I haven’t met any person but who couldn’t come to a choice on an inspection and didn’t even up loving the residence they ended up purchasing as an alternative MORE than the primary one. There will probably be matters incorrect with the residence whether or not it’s two hundred years or two days historical. Your inspector will typically scare the $%#@ out of you. They have got to record any and each and every little obstacle considering that in the event that they pass over some thing, you'll be able to come again on them later. If you’re reward for the inspection (which I endorse), you'll be alarmed on the quantity of problems he brings up. That’s to be anticipated.

Answer 3

Next time, offer FULL PRICE if you love the home. If the price is way too high, the banks appraiser will knock the price down. At that point, buy at the APPRAISED price.

Answer 4

Okay..I'm going to suggest you think about
the property as an investment and one that you
will buy to sell for a profit.

Now it doesn't matter what you buy or where,
or when. There is no pressure!

Get a YUK house do it up or pay someone to do it up
and sell it or use the equity to buy the next one and keep
going....

Try..foreclosures..learn study, research...