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Updated almost 11 years ago on . Most recent reply
Realtor thinks im crazy
I have been working with the same realtor for about 6 months now and i am beginning to get a little aggravated. Every time i make an offer on a property she looks at me like im crazy and after the offer is submitted she calls and tells me she needs a best and final or that there was a previous offer for more but it fell through.
I have been bidding on reos, foreclosures, and this last one was a short sale and i suggested that along with my offer i was going to submit a list of repairs that were needed for the property. She explained to me that i would pretty much be wasting my time.
With all that said should i be looking for a new realtor that will take me seriously and how to find a good one. Also was it a good or bad idea submitting the repair list along with the offer????
Most Popular Reply
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Hey Dustin B.,
Here is a trick that will help you drastically, and this is coming directly from an active agent.
So for you current property:
$120,000 arv
$83,00 asking price
$25,000 needed in repairs
I offered $55,000 to start out but am willing to go up to $65,000
Tell you agent that $48,000 (since its been on the market) is the max you are willing to pay BUT if she can get that lower, then you can potentially pay her the $2,000 on top of her commission.
Also tell her that when she calls to put in an offer on your behalf, tell her to tell the seller agent that NO MATTER THE FINAL SELL PRICE, YOU WILL STILL PAY THE COMMISSION FEE FOR THE FULL ASKING PRICE.
So at $55,000, you will ensure that the sellers agent makes $1,650 (assuming 3%) in commission no matter what the settle price is.
BOOM! Now you have both sellers agent and buyers agent on your side AND THEY LOVE YOU!
So what do you think about that?