Stupid Realtors Doing Stupid Things

[James Wise]

So I'm selling this super cheap house in Cleveland for $6,900. It's Condemned and needs a teardown or total $100k+ rehab.

An agent submits an offer to me with a $500 earnest money deposit and a proof of funds with $12,000 in it. The proof of funds, had a different name on it than the person who signed the purchase agreement with her.

I request clarification on why the names were different as well as an increase in earnest money from $500 to $5,000. Cuz you know, I'm not stupid.

lol, this is where it gets good. Agent fires back two emails in quick succession

"Why is the seller asking for such a high earnest money amount? I sell 300K+ homes that don't ask for that... seems fishy"

"Well, that just scared them away. They have decided not to move forward now (can't blame them). I would have moved along myself. Please eliminate their offer. They have chosen to offer on 4 other properties. Let me know if your seller changes their mind in the future. Have a great selling season. 🙂"

My reply to her

"lol, the person with $12k in their bank account put in offers on 4 more properties today? This is why $5k was requested lol."

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Moral of the story - Stick to the suburban homes lady, selling investor homes in the hood ain't for you. You ain't about this life.