Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

40
Posts
1
Votes

I canceled my agreement with my first agent in Lansing, MI

Posted

It didn't really go as smoothly as I hoped. We met yesterday after she refused to make a lowball offer on a property that she sent me. She basically said that making such offers was a waste of time in our market and she wouldn't endanger her reputation by making such low ball offers. I offered at 80% of list price. I under stood her perspective but also was firm in that I needed her to make these offers because those were the prices where my numbers made sense. Especially given how Lansing is a very hot market and is probably due for a crash soon. Everything is so overpriced I feel.

She said she would tare up my contract and sent me an email stating her reason for cancelibg it and how I refused to listen to her.

My first question is to ask if her word and that email is enough in terms of being legally binding? I don't want to find another agent who I close with and then she comes at me months later asking for a commission.

My second question is to ask if you all believe I was being reasonable. It was hard to put my foot down during the conversation and I took a lot of long pauses to explain my position. She has a lot of experience and I have no reason to believe, even now, that she didnt know what she was doing. However My numbers, cash on cash, cash flow, etc, couldn't work at much above what I asked her to offer. I am certain of that. Yet she was my first ever agent and I did screen 6 agents to get to her. What could I have done diffefently if anything? Am I asking too much? What can I do differently in that future in terms of screening and working with agents.

Loading replies...