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Updated over 1 year ago,
Feel like my agent is representing the seller not me as a buyer
Hello BiggerPockets, I needed to just let this out and ask for an advise. I am a first home buyer. I am under Due Dilligence currently on a renovated townhome. My realtor suggested I should offer 10k on top of appraisal and give $1000 option money cash which I did and just paid the option money and earnest money. According to my realtor, the listing agent said that the seller didn't want to go with a VA loan and had multiple offer so i followed what my realtor suggested. Now im feeling like i am overpaying for what its worth.
-First question : my realtor said option money cannot be refunded if I terminate the contract. Is that true?
I feel like my agent is representing the seller and giving me this vibe that he/she doesn't want to negotiate the price. I say that because inspection came back with some minor issues like caulking, minor cracks, old water heater at 8years, 20 years old roof. So i wanted to get a quote on the cost of repairs since I will be buying this property and 11k on top of appraisal.
My realtor keeps saying everything is brand new, there are no immediate issues with water heater, roof, and etc. by the way water pressure is weak too. My realtor really sounded like a seller’s agent. Told me i can finance the roof later and home warranty will cover if i need anything fixed.
i’m thinking if i am paying 11k over the appraisal why would i want to spend a single penny in the next 5years when I already know future risk and ask seller to contribute the cost.
There were multiple conversations between my realtor that I just felt like I am alone in the process and no one is interested in truly helping me buying good secure home. I really needed to just rant and let my emotion out because my anxiety is going over the roof. If anyone has similar experiences and advice I would love to hear it.