Quote:
Originally Posted by ACWhite
Something about all this just doesn't add up to me. I think you are right that they did not take you seriously, including the seller herself. Otherwise she would not have agreed to extensions or to a 100000 price drop relative to your offer. And given that you were paying cash what did you go to the bank for a mortgage pre-approval letter rather than innediately fax the agent a cash offer with the evidence of your assets to pay cash? Etc.
I don't know why they didn't take you seriously but if you think there may be another dream property in your future I would try to figure out exactly what the issue was and try to prevent it next time.
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My problem was timing...
I wasn't looking to move or even considering it.
Unbeknownst to me, the owner had accepted an offer about the same time I viewed the property.
What made it more urgent on my side is I knew the history of this property and had long admired it.
When I told the listing agent I wanted her to write up my offer, that is when I learned an offer had just been accepted.
I didn't know at the time the accepted offer was 100k under the listing price. I learned that about 10 days later from the owner.
No one's fault for luck of the draw.
What got me annoyed is I wanted to submit a back-up offer and she acted like the property was all but sold and no, the listing agent was not representing the buyer.
The buyer's agent apparently has a reputation of getting deals closed... even though it took all 60 days to do it... he did get it closed.
Maybe the listing agent was thinking why get a back-up when the property is all but sold?
It wasn't till I communicated with the seller directly, had their unlisted number in my car club roster, and told her I was willing, ready and able to buy at full price... that the listing agent had to take me seriously...
Twice after that... the listing agent contacted me to say it looked like the in contract buyer would be out of contract and to be ready... both times the buyer did what he needed to do.
I'm confident I would not have had the opportunity to get my offer in had not gone around the listing agent and directly to the seller.
In retrospect... the listing agent was right, the property was all but sold when I first viewed it.
The brokerage sign was marked sold at least a month before escrow closed... too many people calling on it is what I heard.
I do know I helped the sale along.. because the buyer told me he had planned to ask for some concessions after getting his offer accepted... having me in the wings meant he couldn't do that.
Want to thank all the professionals and non-professionals for taking the time to post
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