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yes, I have filed an official offer with all the fixings.
The listing agent was a bit on the questionable side when at first he refused to show me the property because I was working with my own realtor. His response "why should I show the property for free?" (I had found the property myself and could not get in contact with my realtor. Initially when I spoke to the listing agent, he said he lived nearby and could open it up for us...but as soon as he found out I already had a realtor, he gave me the cold shoulder)
If you are working with a buyers agent, then the listing agent should not go and show you the property. He is interfering with the other agents client. Remember the listing agent is working for the best interest of the seller, and the buyers agent is working in the best interest of the buyer.
Was it your buyers agent that balked on the offer, or was it the listing agent?
Did your buyers agent write up your offer?
Did s/he submit it to the listing agent?
Or did you submit it to the listing agent?
Did the listing agent say he would not submit your offer? Did he tell that to you, or to your buyers agent?
Please give us full details on what happened so we'll know better how to respond to this.
CasusBelli- No agent can refuse to present any offer to a seller that is in writing. And as far as the listing agent not wanting to show it because you had an agent and him/her saying they weren't working for free- he/she has a listing commission on there and gets paid when the home sales. If I had a home listed and my agent wouldn't get up and show it because he/she wasn't getting the full commission I would find a new listing agent. While I recommend you always have your buyers agent present. No Listing agent should refuse to show you a home. Another case of lazy realtors.
No Listing agent should refuse to show you a home. Another case of lazy realtors.
The seller can instruct the listing agent to reject any or all offers below $X. This sometimes happens with REO property that is priced to encourage multiple offers, over the current asking price.
I am living in REO land these days. Its like the Wild West I tell ya....LOL! I have a poor Realtor submitting ignored/rejected bids that I make all the time.. last week 3 rejected bids. She's getting worn out. I have finally decided I am going to pay her $100 for any bid I submit that is rejected because REO/short sale world is just damn hard work and sometimes the commissions are not conventional.
When I was selling my rural property, I gave my broker a number below which I would not go(this was after I got to know her and we had been working together for awhile and developed a bit of a personal relationship). So any verbal offers that were below that number were not given to me. However, I did have somebody who produced a written offer, and she was forced to give it to me even though she knew that I would say no. So she called me told me about the written offer and reminded me that because it was in writing she had no choice but to give it to me.
I have been out of the game for a number of years but, unless things have shaken up drastically, as several have stated all written offers must be presented, good or not.
I have been given a idea of what my seller's bottom line is and know which offers which will be taken and which will be rejected. When I have been informed of a minimum or get an offer similar to offers I have seen rejected, I will tell the buyers that I do not think the offer will be accepted and why I feel that way, but I still present the offer and let the seller make the rejection. You never know, there could come a time that the seller has come to a change of mind or situation and the offer just might be accepted. I don't want to lose a commission only because I did not present the offer.
The seller can instruct the listing agent to reject any or all offers below $X. This sometimes happens with REO property that is priced to encourage multiple offers, over the current asking price.
Again, these things differ from state to state. In NC it doesn't matter what the seller says, by NC Real Estate law the agent has to present the offer.
I have been out of the game for a number of years but, unless things have shaken up drastically, as several have stated all written offers must be presented, good or not.
I have been given a idea of what my seller's bottom line is and know which offers which will be taken and which will be rejected. When I have been informed of a minimum or get an offer similar to offers I have seen rejected, I will tell the buyers that I do not think the offer will be accepted and why I feel that way, but I still present the offer and let the seller make the rejection. You never know, there could come a time that the seller has come to a change of mind or situation and the offer just might be accepted. I don't want to lose a commission only because I did not present the offer.
Or as Brandon has suggested, the seller may have not told you what their real bottom line is.
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