Submitting low ball offer on behalf of buyer negatively affect buyer's agent in any way?

Question

I am talking anywhere between 10 - 30% below asking price.
And this is regarding Southern California.

Answer 1

You (the buyer's agent) work for the buyer's and you are required by law to write any offer the buyer wants to write as long as it is legal and moral.

It matters not what any other agent thinks and make sure if you ever catch an agent not presenting an offer to the seller because it is "low ball" to report them immediately. I have had more deals go through after the other agent cried and screamed about the offer before ever even talking to the seller about it then I can count.
When I find an agent that cries about the offers written on their listings I will write bad offers just for fun.
Stick with it, listen to your broker and ignore 99% of what other agents are saying.

Answer 2

I am assuming you are asking this question as a real estate agent, working as a buyer's agent. I have done as you are commenting on more than one occasion. However, as a buyer's agent, I also provide comparables to justify the submission of a lowball offer.

If, in your determination, the property is properly priced and your client wants to lowball in spite of your information to the client that the asking price is appropriate and fair, all I can suggest is writing the offer as requested, since you are required to do so. If the listing agent becomes upset, merely indicate that the price offered was not your recommendation.

Answer 3

Short answer - of course. Realtors who stay in the business for any length of time will get "known" by the other Realtors. You can minimize this by being cordial, and let the listing agents know that your buyer is fishing. You might have to send out 100 offers to get one under contract, and if the "responses" are less than polite, don't take it personally and don't respond back in an impolite way.

I guess it can work though. I once got a 60% offer on a vacant listing I had. (it was un-signed). I called the agent and asked if she was serious... she told me that her computer searches the MLS, finds vacant houses that had been on the market for over 60 days and sends out 60% offers for her investor group. They send out about 100 per week - and get about 3 negotiated and sold per week!

Answer 4

You might lose some respect by real estate professionals in the area, and you may get a bad reputation. How about talking your client into an offer on the edge of 94-95% of asking. Still low, but not ridiculous. A low ball offer is only going to get laughed at anyway, and your client won't get the house.

Answer 5

be at ease. if they dont accept they will tell u.