Another brilliant Asset Manager (agent, listing, loan, buyer)

[DMenscha]

More silliness.

I give an asset manager a full price offer with a 203K loan and she turns it down, saying it takes to long to close. She's rejected 2 other full price offers because of little petty things and we spent a month trying to get her to say yes. Her listing agent misses almost no opportunity to tell me about her 30 years in the real estate business.

Now she puts the property into RealtyBid.com and we make a $20k less than asking price offer which exceeds the reserve price! Out here there is almost a zero chance of anyone else bidding on the property.

Plus there is a (now 9 day) bid period, with 50 days to close after the bid is up! Sweetheart! How do you justify your job?

Your loss my clients gain! Thank you for your mindlessness

[Silverfall]

It's good to see our tax dollars so well spent!

[DMenscha]

This gets better. My client makes a bid to open things up and a few days later someone else makes the $1K more bid. We let it sit a few days and then bump the bid, just to get a feel for the way the online system works, so we don't blow it at the end.

They have an automatic maximum bid level one can set, so our bid actually ended up $11K higher than our opening bid, but still 9K less than we've offered previously.

2 hours later, the LISTING AGENT enters a bid, which causes us to have to go $2K higher than we really should have had to go. (her 1K plus 1K to beat it.)

Anyone else see an issue with this? Jeeez!!!!!

[palmcoasting]

Why, are you thinking the listing agent doesn't have a buyer?

[JohnG72]

You just had a client who bid over actual market ON THREE OCCASIONS, ostensibly at your advisement including bidding against a shill, and YOU are criticizing THE OTHER agent? LOL...REA's are sooooo funny.