My Agent Willnot put an Offer becuase is too low.

[Tirzo Quintero]

HI All,

I have an issued. There is a house that has been 290 days on the market. This is a multi family 4 beds 2 bath and a a garage, lot size 1742 sqft and it is owned by a bank. The price is 205K. my exit estrategy is to wholesale the deal as the house needs a lot TLC and the ARV is 270K. I can also choose to fix and flip but I don't have experience but willing to take n the challenge. The house has been under contract three times and for some reason haven been sold. I have asked my agent since I haven't since the house to out an offer for 135K. However, my agent don't want to put the offer because it is too low. My thinking is if it has been so long in the market, and haven't been closed in the three times it has been under contract, something must be wrong with the house. Am I wrong? is it really my offer too low? Like Brandon says put an offer you never know... I don't know what to do..

[Steve McGovern]

@Tirzo Quintero I'm a licensed Broker in Mass and I can tell you that this practice is absolutely illegal here. You could offer to trade the house for a take out menu from a closed Chinese restaurant, and I am OBLIGATED to bring it to the Seller for the Seller's review. I think a simple web search will tell you whether this is similarly illegal in NJ. Good luck!