Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Am I wasting my agent's time?
This is a three part question....Am I wasting my agent's time? Should I ask to enter a buyers agreement? Should I just approach the listing agent on my own? I have zero investing experience.
Background...After speaking with a loan officer she suggested an agent that has worked with investors. We went to look at a house I wanted to put an offer on. I put in an offer and the bank accepted someone else's offer three days later. Since then I've found other foreclosures and my agent has taken me to see them. I put in other offers and the bank comes back with counter offers that I'm not even close to willing to pay. I guess I don't feel like I'm lowballing since I'm offering the highest price where my numbers are working out.
If I keep this up (since I have no intentions of stopping), will my agent eventually just get tired of me wasting his time? He runs comps and tells me a price the house is probably worth, which in my opinion aren't fair comps because the houses I am looking at are in bad shape and cash only. Comparing that to a nicely put together home doesn't seem right. This is why I ask if I should enter a buyers agreement so I'm 100% sure he's looking out for my interests. I feeling like approaching the listing agent on my own would be more beneficial only because he/she will get the full commission.
Thanks for the thoughts,
Blaine