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offering on a house without an agent


               
2010 May 4, 8:15am   4,419 views  22 comments

by mthom   follow (0)  

Hi,

We were working with an agent to buy a house and hit a roadblock.  We offered $500k and the sellers countered with $515k.  The problem is that we cannot go above $500k as it is our personal max, but since the sellers are slightly underwater, they can't go below $515k.  We were thinking that if we didn't have an agent (taking his 3%), the savings of that 3% could go to the sellers and everyone would be happy.  Since we've already submitted an offer with this agent, is there any way to offer again without the agent?  We don't want to violate any rules.  We tried contacting the listing agent directly, but he said we had to go through our agent.  It just stinks that the transaction is being held up by someone not really involved anymore, since we are planning on dumping our agent anyway.

Thanks.

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22   farinhite_451   @   2010 Jun 8, 10:53am  

How about asking the owner when their listing agreement ends. How long has the house been on the market? Check that against the prevailing listing agreement duration.

You could then do the deal as for sale by owner. Just wait it out until the sycophants are gone.

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