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Updated almost 4 years ago on . Most recent reply
![Cory Lucas's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1543127/1621513395-avatar-coryl41.jpg?twic=v1/output=image/cover=128x128&v=2)
Time to fire my realtor?
So I have an offer in on an AS IS property, home inspection found some unforeseen issues, realtor tells me we can't negotiate on price cause it's AS IS. Came to my BP community here, you all encouraged me that this isn't the case.
I go back to my realtor tell him I want to ask for a reduced price, he now says to let him know what the amount is, then gives me the reasoning they won't make repairs (being an estate sale and it's listed on the MLS that it's AS IS) I reply that I understand no repairs, but the contract states the remedy clause for things that can't reasonably be seen on a walkthrough and those remedies are repairs and/or a monetary adjustment. He says I'm not misunderstanding the contract and in this case it's better to ask for a price reduction, but HERE'S the kicker he then tells me to CANCEL any appointments I have with contractors (he only knows of one I have) until we know if this is going to go through. So I then ask if he wants me to send an ask for a reduction in price without any estimates to accompany the need for adjustments, he says we'll just send them the home inspection. Thoughts on all of this?
My concern is two fold, one why stop the appointments and two wouldn't it make more sense to have prices to go along with the inspection pieces to justify the price reduction?
Not to mention it's my choice on whether to follow through on the deal even if they don't come further down on price, so why wouldn't I continue to try and line up my contractors as I deem necessary?
I'm just getting a little frustrated feeling like I'm getting a bit of a run around, I've heard of people just calling the listing agent to buy houses, but of course the predominant school of thought I've heard is build up a relationship with a realtor, I'm beginning to think on cutting ties and just calling the listing agents going forward, thoughts?
Thanks in advance for the feedback and time taken
Most Popular Reply
@Cory Lucas Depends on your market. Realtors have a fiduciary responsibility to their clients so look at it from both sides. You can tell him what to do and he has to do it unless its illegal or unethical, even if it means less or no money for him. But he knows how the market is going and will give you his opinion to try to achieve your goals. If you ignore his advice and lose the deal and his commission, then keep taking up his time because you thought you knew better, he will stop responding to you. If the problems you found make the deal not work without a drop in price he should understand it and try to get a lower price but if the seller refuses, its not his fault and you have to decide to walk away or take it anyway. Not all realtors are created equal but he is local and you're getting info from people on this site who are not. Take internet suggestions with a grain of salt (irony intended)