Skip to main content

[Buyer] Is my realtor failing to represent my interests?

I live in a VHCOL. A condo has been sitting for 90 days, originally listed at 1.2, before slowly being dropped to 1.16, then 1.08, now finally 995k.

We offered at 950k the day after they dropped to 995k and were told:

"$950,000 is not a price point that my sellers are willing to consider. If we not be able to sell at or above this new listing price in the next 2 weeks, then we will rent the property for the next 12 months and review things again in 2026. "

Another week passed, still no sale. We want to send a second offer a 980k. Our realtor is refusing to send the offer. They're very strongly pushing back because:

1) They very strongly believe anything below asking won't be accepted.
2) The sellers of the condo also own the downstairs unit and my agent worries pressuring them to sell, even if they accept, will result in animosity that harms the long term health of the condo association.

I feel that their communication of this risk is appreciated, but they're wrong to esssentially refuse to submit the offer. I feel theyre wrong to do this because:

1) They cannot know, definitively, that the offer of 980k won't be accepted. The harm of them rejecting the offer is non-existent, while the benefit of them accepting is we get a house in our budget.
2) I feel the concern on my agents part of future animosity is misguided. They would be under no obligation to accept the offer, and if they did it seems likely to me that there would be no animosity directed towards us.

My wife likes our realtor, and i generally do as well but feel this is crossing a boundary and am considering terminating our buyers contract. Before doing so, I wanted the crowd mind to evaluate if i'm being unreasonable/irrational in feeling that this inappropriate behavior by my realtor.

submitted by /u/SpareSignificant3758
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1krh6jd/buyer_is_my_realtor_failing_to_represent_my/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

warning about Biggins and Scott Brunswick

his is a general warning for people who use this agency to rent a property. I am going to share a disgusting experience that I had with the above agency. I was new to the rental experience after a marriage breakdown so I answered a add on Real Estate .com and met a guy in Maribyrnong to look over a apartment . He suggested he was not only going to be my roommate, but he also worked at the company in Brunswick. All looked good and myself and a lovely lady moved in to the apartment in late March. Everything was going well ,we were paying our rent and things were moving forward with 3 people coming from different age groups and different upbringings. Then on the 25th of June out of nowhere 3 Breach Notices appeared on my email from my roommate but on Biggins and Scotts letterhead. I was completely surprised and after trying to reason with the sender of these documents, I then decided I had to call his boss the Director of Biggin and Scott in Brunswick. David told me that he was ...