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Updated about 2 years ago on . Most recent reply

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58
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Frank A Castro
32
Votes |
58
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My agent is not comfortable with my offers

Frank A Castro
Posted

Good evening fellows, 

I'm currently in the process of buying my second property. I am using a VA loan and I am currently located in Virginia beach with the following search criteria: SFR 4/2 with a backyard ( garage is a bonus) , 1600+ sqft with a market time of 40+ days, minor repairs or modifications needed are welcome.

The modification and market time is , you guessed it, to be able to negotiate a discount from the original listing price. 

The agent that I work with is the same one I used to purchase my first property. I really like him, but he doesnt feel comfortable writing offers that are discounted from the listing price.  He Always finds a way to talk me out of it. 

Have you experienced this before ? What are your thoughts ?

Most Popular Reply

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13,366
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,402
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13,366
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Let me see if I have the facts right here:

1 - You are making an offer for under the asking price
2 - Your agent doesn't want to make the offer
3 - If the offer were made, it could be accepted and you would get a property at a discount.
4 - If the offer were made, it could be turned down with a counter offer from the seller, or....you could make another offer higher than the first

I'm leaning towards dumping your agent.  Your agent is supposed to be working for you, not against you.  They can recommend you make a higher offer if they think someone else will, and they would get it instead of you, but that doesn't mean you shouldn't make the discounted offer if you think you want to...especially if you need the discount to make this a good deal.  You base your offer on whether or no that offer will get the property, you make offers based on getting the deal.  If you have to increase your offer to get the property, but then the deal isn't good, you don't want the property...you only want deals.

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