No reply from the agent

[Alex Verdugo]

A couple of weeks ago I went to look at a distressed property that needed a fair amount of work to get it to be rent ready. Needed an a/c unit, finish walls, install appliances (new appliances came in the deal, just needed install), general landscaping, etc. No major renovations that I could see on the initial walkthrough. My plan was to make an offer and during the inspection period get a contractor to give me a firm estimate on the cost of the work needing to be completed. I emailed my offer to the agent for this off-market property and included some of the comps I used to get to my offer price. They were asking $120k, I had seen that there was a price reduction from another agent for the same property to $115k. According to them the ARV was going to be about $160k. I did some research and saw the comps they were using and the rehab would have to be much more than what their estimates were. Anyways, I email my offer of $85k to the original agent and still have not heard back. Is this a normal thing to have happen? I didn't really expect my offer to be accepted but I do expect some sort of responce, either a counter offer or a thanks for playing but no. Is this just a bad agent?

[Wayne Brooks]

Well, not sure why you have any agents in an “off market” deal, but as a listing agent we frequently didn’t respond to low ball offers....at all.