Has the seller agent submitted my offer? Not so sure!!!

Comments(7)

• 
  DaveT30th March, 2003

  Are you submitting offers on the same property? If you are not getting any feedback from the listing agent on your first offer, how do your know what you need to change to improve your second offer?
  
  If you have submitted several offers on the same property, it may be that the sellers are not responding because they are waiting for you to improve your offer again. They are in control of this deal at this point because you have become a motivated buyer. It is possible that they are just sitting on your best offer for awhile, hoping that a better offer will come in. When it does not, then they may accept your best offer.
  
  Have your agent notify the listing agent that all of your currently pending offers are withdrawn. Next, submit a new offer similar to your first offer, but for a lower purchase price and better terms. Put an expiration date in your offer to create some urgency on the seller's part. See if this generates a counteroffer.
  
  Before you start calling the sellers, take back control of the deal first.

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  louismontes31st March, 2003

  OK, I am not sure if I understand your question... You want to know if the listing agent is actually presenting the offer to the seller, right?
  
  If so, just ask your agent to ask the seller agent(listing agent) to show proof that he has presented the offer. I do not think anyone will object to that. Or am I missing the question??

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  joshinvestor31st March, 2003

  I am sorry if I did not express my question properly. My question is:
  
  Q: Is there something we can ask for from the listing agent as proof that he has actually presented the offer to the seller?
  
  I only make one offer per property,
  
  thank you much

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  louismontes31st March, 2003

  I remember I read about this somewhere around here, but I can not find it. I know you are not intersted in hearing about the "Agent's code of honesty, bla bla", so i am going to keep looking to see if I can find the link to the discussion.... sorry
  
  any body else ???

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  loanwizard31st March, 2003

  You can demand to be present during any offer. If you are submitting a creative offer (anything that is not 20% down conventional loan all cash to buyer) then you would be foolish not to be present. You need to be there to show how it is win win. Not many agents are capable, much less willing to do this in your stead.
  [addsig]

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  louismontes3rd April, 2003

  here is my take on this:
  
  The listing agent is looking out for the seller so when the listing agent gets an offer from your agent, he can try to find the seller someone else that may pay more. That is not illegal. See... the listing agent is working for seller not you, so he can try to find another investor for the seller who can pay a little more that what your low offer is.
  
  Now it is true ... if the listing agent does not present your offer to the seller, that would be against his code of ethics and he could get in trouble for that
  
  I am not sure if there is a proof that listing agent can provide your agent concering the actual offer presenting.
  
  Am I right ???

• 
  LynLinz8th April, 2003

  As for proof that the listing agent is presenting offers you can ask that a simple one sentence letter stating that offer was presented be drawn up and signed by seller
  probably your offers are being presented at least verbally and if to low just being dismissed but you will get the agents attention if you ask to have a short note stating the above. Hopefully the sellers will comply, but if they feel the offer is too low, they may refuse to give such a letter. Also there could be an agreement w/ sellers[by listing agreement] that offers below a certain amount not be presented .