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Updated over 6 years ago on . Most recent reply

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115
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12
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John Lee
  • Tampa, FL
12
Votes |
115
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How long does it take for a realtor to submit an offer?

John Lee
  • Tampa, FL
Posted
It seem like every real estate agent or realtor I meet reluctant to write up low ball offer even with proof of funds. Just wondering how much time does it normally take for one to write up an offer? Or what is their cost to write up an offer? It seem weird that they take the risk of wasted time to show property or talking to investor that might not buy a single property. but reluctant to write up an offer with a small chance that it might get accepted

Most Popular Reply

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689
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511
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Blair Poelman
  • Real Estate Broker
  • Provo, UT
511
Votes |
689
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Blair Poelman
  • Real Estate Broker
  • Provo, UT
Replied

I can write an offer in 5 minutes - UT contracts are relatively short, and our MLS is kind of functional and efficient when it comes to populating forms. However the issue is not the number of minutes it takes to fill out the paperwork. Many experienced agents are reluctant to write lowball offers because lowballs are usually a waste of time. Occasionally you'll get lucky and a seller will bite, but right now lowballs are largely being ignored - at least that is the case where I play.

If you want an agent to write you a bunch of lowballs you need to find somebody who:

A)  knows what they are doing and is a glutton for punishment, but willing to do the job
or
B)  has no freaking clue what they're doing and no clue how futile their efforts are, and is willing to give you their time and effort in desperate hopes that something will take
or
C)  has an assistant who is paid hourly to sit there and fill out forms, set up docusigns, and send offers. 

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