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Updated over 10 years ago on . Most recent reply
Frustrated, almost had a deal, and then they claim they got a cash offer
Property was purchased at auction like 2 months ago by some real estate agent at $86k (great deal, huh) who "Manages" a property company and is also the listing agent for the property I want. I called the listing brokers agency yesterday, spoke with an agent and worked out a deal. List price is $129k, I offered $110k, the listing agent, who is the manager for the company who owns the property came back and said we have a deal at $115k, and I was fine with that and told my agent to send me the offer contract. This morning I call to verify if there are any HOA fees and my agent tells me that the seller is taking an all cash offer that is higher than mine. (Which is just stupid). Anyways, how the hell am I supposed to buy my first house with these kinds of stupid road blocks all over the place. My main problem is finding an agent who can manage to keep in contact with me long enough to make an offer. I call them, email them and tell them I am ready to make an offer and they disappear! Ridiculous! I must have tried 10 times over the last year to make an offer and it never goes anywhere, the agent I call never gets me an offer contract and either I am too frustrated to push on or the house gets sold or something.
Most Popular Reply
@Martin S. what you are experiencing is a competitive market. Go back an re-read what @Jean Bolger (the best violinist on BP) wrote. I don't think you are experiencing anything out of the ordinary. We have all experienced that at times. Fortunately it doesn't happen Every time
Based on your comments here I would be skeptical of you as a buyer myself. In any business it is important to be credible. Just here on BP for example, you do not use your full name, you have no information on your profile, and you do not have a profile picture. All of these things help build credibility. Yet you have chosen not to do them.
A good question to ask yourself is "how am I coming across, to the agents I have dealt with?" Good luck - Ned