I'm going to put an offer on the house listed by Redfin through Redfin agent. We toured 30+ houses through Redfin and wanted to continue with them.
Before this house, we put an offer on other house which was not accepted, but in the process our trust grew. Our agent was helpful and insightful.
Now, We are planning to put an offer on Redfin house. Pre-inspection went well and told my agent that we want to go-ahead put an offer.
Our agent delayed to get us more info from the listing agent (Not typical, he is generally very responsive). Our agent told us that, it is listing agent's "MO" (being unresponsive). (Flag 1)
Finally, listing agent told that he already has 75K -100K(10%-13%)over list price and expecting 2-3 offers. In the 5 days it is listed, only 5 showings were scheduled and I'm keeping an eye on daily schedules (Not much traffic) and I'd been talking to the agents about schedules, they also told me that it's wide open for the next two days, couple of days ago). Now, I'm suspicious!!
Our agent failed to give us comps because it's not fair comps in this area since this is a unique property (Flag 2, it's not that unique, I was able to get comps data myself)
At this point, I told my agent 'I don't want to consider putting an offer anymore"
Our agents cameback saying only 75K over offer price is in hand and he is expecting 100K offer. hmm, expecting..?? (Flag 3)
We changed our mind and decided to put our best offer which is 133K over list price with escalation addendum (Which my agent knows).
Our agent called as today and told us that the sellers are not entertaining escalation addendum and asked us to put our best offer( this information was given to us less than 24 hrs from review date). (Flag 4)
I again said said, 'I'm done, I don't want to put an offer without escalation addendum'.
Now, His response is 'I don't want you to miss out. Let's add escalation addendum even though seller doesn't want it" (Flag 5)
He called us and said we will add escalation increment 5K or 7.5K and put our best offer"
We don't know what to do. It's been a roller-coaster of emotions since we really like the house.
Please share any related experiences or advice.
Thank you.
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source https://www.reddit.com/r/RealEstate/comments/mgveo9/buying_a_redfin_house_with_redfin_agent/
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