We had a look at a house and we wanted to make an offer and the real estate agent said we are both wasting out time, is that allowed? What should i do?
2007-08-15 16:04:45 · 11 answers · asked by den19821 1 in Business & Finance ➔ Renting & Real Estate
We had a look at a house and we wanted to make an offer and the real estate agent said we are both wasting out time, is that allowed? What should i do? They don't even have my name or anything. The house is for sale for $319000 but we offered $290000.
2007-08-15 16:16:12 · update #1
Was the offer in writing? In California an agent must submit all offers including verbal offers.
States may vary and perhaps others can share as to the requirements of other states.
My suggestion is to report this to the broker, and or find another brokerage who will write your offer as you have instructed to them.
The seller can do 3 things accept your offer, reject your offer or counter your offer.
Good Luck.
2007-08-15 16:14:10 · answer #1 · answered by Jimmy 5 · 1⤊ 0⤋
It's possible that the real estate agent has the right to refuse the offer. If the seller has instructed the agent to not write or bother with offers below a certain price, then the real estate agent is within his rights to refuse.
However, if the agent is making this choice on his own, then he's out of line.
2007-08-16 08:27:07 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
As an agent I hate it when other agents treat customers with a lack of respect as it gives us all a bad name. Keep in mind that the agent only gets paid if he sells the property. Contact his or her office and ask for his email address. Then put your offer in writting stating both the price and any conditions. I would also cc his boss to ensure that you receive a response. Your offer will be taken much more seriously if it is in writting. If this is your ideal home pursue the offer until it is either accepted or rejected. Good Luck and I hope you get it.
2007-08-16 23:59:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
From the other side of the fence:-
As a property seller, I can only suggest that you offer a signed contract & 10% deposit (exchange) as soon as the offer is accepted.
As one agent told me "Money talks, bullshit walks!"
Many people put unrealistic offers to feel the sellers out, and never take the next step which frustrates the seller.
If there was a low offer with a signed contract the seller may accept even a very low offer, if he was serious and needing to sell.
Good hunting!
2007-08-18 07:31:45 · answer #4 · answered by ? 5 · 0⤊ 0⤋
This is a matter of state law. In many states, a real estate agent is required to present all offers to the seller.
2007-08-15 23:18:03 · answer #5 · answered by NotEasilyFooled 5 · 0⤊ 0⤋
If the Realtor believes you are NOT qualified to 'buy' why is he/she showing you homes? Doesn't make sense to me.
I would complain to the main Broker of the Real Estate Company they work for first, then if you are not satisfied as to a legitimate reason, then escalate the matter to the Financial Commission that governs the Realtors in your state.
But definitely find a different Realtor. Hope this helps, Good Luck
2007-08-15 23:15:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
My husband and I wanted to buy a house once but we had to sell the house we were living in first. We asked the agent if the vendors would mind waiting for us to sell our house (we were prepared to enter into a contract and pay a deposit), but the agent said that the sellers were in a hurry to sell. So we went to the people selling the house and put the proposition to them and they were more than happy to wait. So, maybe, you might have to go straight to the owners and make them an offer yourself.
2007-08-16 07:38:01 · answer #7 · answered by margy s 3 · 0⤊ 0⤋
Has the real estate agent run a credit check on you?
If he knows your financial condition, and he knows the value of the house, he just might know what he's talking about.
Now if that comment is ethnically, or racially based, it is definitely not legal.
But proving which would be tough.
Doc
2007-08-15 23:09:55 · answer #8 · answered by Doc Hudson 7 · 0⤊ 0⤋
Sounds like the agent isn't too interested in getting their commission.
if it's your agent, fire them and go with someone else. My agent sold us a house that as booked under someone else. They shared the commission because we bought it.
if it's the sellers agent, he's doing his client a disservice by not telling them your offer. he/she also appears greedy wanting a higher offer to get a higher commission. I would report them to their boss for not doing their job.
2007-08-15 23:14:01 · answer #9 · answered by the_grot_shoppe 2 · 1⤊ 0⤋
If your offer is below the sellers stated minimum ,
Yes it is legal and the broker is just being honest with you .
Get over it and keep looking elsewhere .
Lotssssss of houses out there now .
>
2007-08-15 23:19:14 · answer #10 · answered by kate 7 · 0⤊ 3⤋