When a listing agent won’t present an offer.

[Brian Ellis]

I’m not a rude, inconsiderate investor. But I’m practical and willing to do my research prior to presenting offers. 

A run down cottage has been on the market for a year now, there have been three price decreases. 10k, 5k, and 5k. My offer is 20k less then where it stands now.

The mortgage was 90k 14 years ago, the bank took over a couple years ago. But the listing agent informed me they need to get the mortgage paid in full and anything under 159k just won’t do it... hm that’s interesting. 

I was also informed that the bank is benefitting more from holding it... that’s interesting too. 

I understand there may be other factors involved like a refinance, but chances are the condition it is in, one hasn’t been done. 

You’re not going to present my offer? Really? Common. 

[Patricia Steiner]

All offers have to be presented to a seller by law - unless otherwise noted in writing. But not all offers are offers.  If you want your offer to be presented, it has to be a written purchase contract outlining not only the price offered but all of the terms.  If you're submitting a low offer, then what might make it more attractive - a fast close? No contingencies? Cash closing with proof of funds attached?  Formalize your offer and submit it to the listing agent for presentation.  Again, make it about price alone and you won't get anywhere...build a case for why less now is better than continuing to wait for more that may or may never happen.