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EastCoastBubbleBoy
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2012 Jan 31, 9:55am
Seems like it would be very easy for a buyers agent to contact the bank and ask why an offer submitted by their client was not selected over the chosen offer. Eventually the known sales price will be disclosed, so I'm just wondering how a listing agent could possibly get away with not showing an offer to a bank.
I 100% believe this happens,
Perhaps banks don't respond to these types of requests from realators? Are these "losing" realators just viewed as bitter?
Thanks
Rarely do realtors eat their own. I have reason to belive that I one once in a similar situation. My lawyer went to bat for me. My agent - he didn't want to make waves, and declined to take an active role in pursuing the matter.
I'm working on closing my first short sale now. The incentive for the selling agent to double his/her commission will put you at the top of the list and rightly or wrongly influence the selling agent to run defense for you with respect to other offers.
Just curious how pricing the offer went. Did the agent try to dissuade you from what you offered? I'm assuming you probably did your own comps -- or did you work with the selling agent to come up with a 'reasonable' offer that the bank would accept?
bighorse
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2012 Jan 31, 1:57pm
Which is why you should leave a written offer with the listing agent and inform them that you'll VERIFY with the bank that they actually got the offer. Mention this fact just before leaving and leave it at that offering no further details.
That information will not be released to you... if you even get a hold of anyone willing to speak to you.
A buyer agent will not make an ass of himself to get this deal pushed thru. Buyer agent wants to make friends in the industry; not enemies.
tatupu70
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2012 Jan 31, 9:26pm
With a little research you will find Both of these quotes are from the OWNERS religion, and they certainly don't want to lose any more equity. How many home owners admit prices may continue to decline ? Kinda sad Huh ? I learned not to argue with drunks or religious zealots a long time ago.
I think you should give up arguing with anyone. You should instead listen and perhaps learn something.
TMAC54
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2012 Jan 31, 11:03pm
I think you should give up arguing with anyone. You should instead listen and perhaps learn something.
licensed for 17 years. You ?
tatupu70
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2012 Jan 31, 11:23pm
I think you should give up arguing with anyone. You should instead listen and perhaps learn something.
licensed for 17 years. You ?
How much invested ? How much back ? What's the risk ?
licensed as what?
tatupu70
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2012 Feb 1, 12:20am
real estate. you ?
How much invested ? How much back ? What's the risk ?
No offense, but being licensed as realtor doesn't help your case.
« First « Previous Comments 8 - 16 of 16 Search these comments
Recently saw a short sale over the weekend and I thought it looked promising.
I do not have a real estate agent, and wanted to see from the folks on this board if you thought there was a built in advantage with going with the listing agent?
I figured there would be, but wanted to double check with you guys.
Also, any specific questions I need to ask because this is a short sale?
Knowing how much is owed on the loans and the number of loan holders is important, but any other question really jump out as necessary to ask when pursuing a short sale?
Thanks
#housing