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Old 05-06-2015, 03:29 PM
 
196 posts, read 599,788 times
Reputation: 82

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I put an offer on a home I was interested in for 10% lower then offer price

I told my agent what the max I would probably want to pay for it

When I spoke with her she apparently told the sellers agent this price and then they gave a counter offer at around 10k higher then my max price

Is this normal? I was actually hoping to not pay that price at all and i'm not even sure if it is worth it

For now i'm just sticking with my original offer and a bit ticked off that my agent told the sellers agent this information. Should I go with a new agent due to this issue?
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Old 05-06-2015, 03:34 PM
 
Location: Phoenix, AZ > Raleigh, NC
17,461 posts, read 23,133,176 times
Reputation: 29779
Quote:
Originally Posted by gus030 View Post
I put an offer on a home I was interested in for 10% lower then offer price

I told my agent what the max I would probably want to pay for it

When I spoke with her she apparently told the sellers agent this price and then they gave a counter offer at around 10k higher then my max price

Is this normal? I was actually hoping to not pay that price at all and i'm not even sure if it is worth it

For now i'm just sticking with my original offer and a bit ticked off that my agent told the sellers agent this information. Should I go with a new agent due to this issue?
What makes you think she told them?

You've signed a contract with your agent. What does it say about cancellation?
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Old 05-06-2015, 03:41 PM
 
196 posts, read 599,788 times
Reputation: 82
She told me she told the seller's agent the max I wanted to pay

I didn't sign a contract with this agent but I submitted the first offer with her
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Old 05-06-2015, 03:44 PM
 
Location: Central East Austin
92 posts, read 93,951 times
Reputation: 113
Fire her & find a new realtor. She has crappy negotiating skills.
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Old 05-06-2015, 03:49 PM
 
4,837 posts, read 4,220,332 times
Reputation: 16579
Are you sure she's not working for the seller?
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Old 05-06-2015, 03:50 PM
 
196 posts, read 599,788 times
Reputation: 82
ok so how do I do that in a nice way (fire her) and 2 what should I do about the home I currently have the offer on? I do like it alot but after doing more research on the comps I don't think I want to move too much from my initial offer, considering the seller now knows what I want to pay at max should I just walk away from this house?
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Old 05-06-2015, 03:51 PM
 
196 posts, read 599,788 times
Reputation: 82
Quote:
Originally Posted by carnivalday View Post
Are you sure she's not working for the seller?
no they are from 2 different company
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Old 05-06-2015, 04:01 PM
 
Location: Denver CO
23,949 posts, read 15,627,371 times
Reputation: 37510
Tell her that she violated your trust by revealing confidential information to the other party and you can no longer work with her. And then move on.
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Old 05-06-2015, 04:05 PM
 
Location: Phoenix, AZ > Raleigh, NC
17,461 posts, read 23,133,176 times
Reputation: 29779
I'm not a Realtor, but maybe one could answer a question for me: How the heck was an offer made and no buyer/agent contract signed?
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Old 05-06-2015, 04:11 PM
 
196 posts, read 599,788 times
Reputation: 82
Before I made the offer she asked me to sign a buyers agent contract as part of the paperwork but I declined to sign it because I didnt want to be locked in to her services if something like this happened, I didn't know her well enough yet but she was the one who happened to show me this house and I really liked the house
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