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Updated over 9 years ago,
Playing chicken with my realestate agent
Hi All,
God I feel awful posting without putting a picture. I know real lame after the onslaught of pleas and threats on the pod-casts, I have been avoiding posting just because of the dumb picture thing, but I am in a pickle and thought today's experience was worth mentioning.
I was hoping to find an investor friendly real estate agent in Fort Worth. I went into contract with a house and it had quite a bit of drainage/foundation/ AC issues $10K - $15K (which is a ton of cash for Texas). I requested my agent to adjust the offering price accordingly and he seems upset and really not having it. Scratching my head on his temperament. Their are nicer homes for a bit more all over the area so I don't think I am off in figuring the deal is not that good to begin with. I attempted to explain the "you make your money going into the deal" regiment, I'm putting up all cash, but he would rather pull the offer entirely rather than offer less. It's almost like I am playing chicken with the guy, if I don't stick with my current offer than he wants nothing to do with me. Sooooooo darn confused, maybe some one could enlighten me.
My current theories are
1) I may be ruining his rep with the other agents by offering 15K less
2) Their were multiple offers so he has a higher backup
3)???????
Anyways I have money and time invested in the area and want to move forward so any good recommendation is greatly appreciated.