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Another bidding vent!!!!! Update!

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antoinette
boy mamma

Member since 5/05

2975 total posts

Name:
Antoinette

Another bidding vent!!!!! Update!

I bid on a home yesterday morning, that has been on the market since march, needs a completely new kitchen. I started at 20K lower than asking and the agent said NO WAY. Then I went to 10k lower than asking- he still hasnt called me back with an answer if the owner ( his dad) accepted it or not Chat Icon He said that his dad really wanted full price offer since he already lowered the price a few times. I thing my offer is FANTASTIC considering the kitchen aspect and the fact that is been on the market for 9 months!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! This is a example of a non serious seller- Im po'd and I wish he would just let me know already...


Update: he countered at 900 below the asking priceChat Icon Chat Icon Chat Icon are you effing kidding me? Wait it gets better,
We said our absolute best would be 5k more. He said that he "thinks" that he could get it done if I WAVE my real estate comission ( Im an agent so I would get commission back at closing) This guy is trying to nickel and dime me.I told him I would call him back- now Im going to make HIM wait. Maybe he'll have a revalation about things by the next time we talk. Chat Icon Chat Icon

Message edited 12/7/2006 4:23:58 PM.

Posted 12/7/06 8:40 AM
 
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angnick
Life is So Wonderful!

Member since 8/06

6663 total posts

Name:
Angela

Re: Another bidding vent!!!!!

yes it is..

i dont know what it is that people put a house up for sale at a certain price and EXPECT to get asking.

what is that about?

Posted 12/7/06 8:47 AM
 

SweetTooth
I'm a tired mommy!

Member since 12/05

20105 total posts

Name:
Lauren

Re: Another bidding vent!!!!!

what do you mean the agent told you no way? the agent is obligated by law to present every offer to the seller. if you offered $1, that would have to be presented.

Posted 12/7/06 9:58 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Another bidding vent!!!!!

Chat Icon I am convinced that some sellers don't really want to move

Message edited 12/7/2006 10:02:53 AM.

Posted 12/7/06 10:02 AM
 

Mom-2-Liam
LIF Adult

Member since 10/06

917 total posts

Name:
Mary

Re: Another bidding vent!!!!!

I think that some sellers don't want to move they just want the $$$ and so they won't lower their prices based on the home condition. They're just greedy.

Posted 12/7/06 10:12 AM
 

alnem
This is gonna be a good year!

Member since 2/06

9562 total posts

Name:
Emily

Re: Another bidding vent!!!!!

Posted by SweetTooth

what do you mean the agent told you no way? the agent is obligated by law to present every offer to the seller. if you offered $1, that would have to be presented.



couldnt have said it better myself lauren! Chat Icon

the agent cant make that decision for the seller regardless of whether or not its his father. but since its his dad he probably knows what he's going to say and what price he's looking for.

did u make the offer thru the agent directly or do u have ur own agent? if u have ur own agent they can ask for a conference call between them and the seller himself. that way they can reason with him and explain more clearly that the house needs a new kitchen. good luck!

Posted 12/7/06 10:36 AM
 

antoinette
boy mamma

Member since 5/05

2975 total posts

Name:
Antoinette

Re: Another bidding vent!!!!!

Posted by SweetTooth

what do you mean the agent told you no way? the agent is obligated by law to present every offer to the seller. if you offered $1, that would have to be presented.



well the owner is his father. so he knows what his price in mind is.I know that the official rule is to present all offers but many times agents dont follow this rule esp when its a family or friends house.

Message edited 12/7/2006 11:31:11 AM.

Posted 12/7/06 11:27 AM
 

antoinette
boy mamma

Member since 5/05

2975 total posts

Name:
Antoinette

Re: Another bidding vent!!!!!

Posted by alnem

Posted by SweetTooth

what do you mean the agent told you no way? the agent is obligated by law to present every offer to the seller. if you offered $1, that would have to be presented.



couldnt have said it better myself lauren! Chat Icon

the agent cant make that decision for the seller regardless of whether or not its his father. but since its his dad he probably knows what he's going to say and what price he's looking for.

did u make the offer thru the agent directly or do u have ur own agent? if u have ur own agent they can ask for a conference call between them and the seller himself. that way they can reason with him and explain more clearly that the house needs a new kitchen. good luck!



Im an agent... Im working for myselfChat Icon which is why I know that it is a good offer- we really want the house but the other agent is kinda being a jerk...He said he would get back to me in a couple of hours its been a day an a half and no phone call. I dont want to call just yet and seem over eager kwim?

Posted 12/7/06 11:29 AM
 

PotofLuck06
Our Baby Boy Is Here!!!

Member since 11/06

13241 total posts

Name:
Betsy

Re: Another bidding vent!!!!!

Posted by SweetTooth

what do you mean the agent told you no way? the agent is obligated by law to present every offer to the seller. if you offered $1, that would have to be presented.



I couldn't have said it better! I know how you feel - it's like people want to sell their home, but not willing to negotiate with a buyer in this market. As everyone has told me, there are better homes and your dream home is waiting out there for you!Chat Icon Chat Icon

Posted 12/7/06 11:31 AM
 

kerrycec03
Mom of 2 beautiful boys!!

Member since 6/06

13519 total posts

Name:
Kerry

Re: Another bidding vent!!!!!

I' so sorry. Fingers crossed they take the 10K less offer. After 9 months, better offers aren't going to come by.

Posted 12/7/06 11:41 AM
 

veeandrich
LIF Infant

Member since 5/06

325 total posts

Name:

Re: Another bidding vent!!!!!

these sellers are sooooo greedy! they are just trying to get as much as they can out of people. Good Luck, I hope he decides to accept your offer .

Posted 12/7/06 12:08 PM
 

antoinette
boy mamma

Member since 5/05

2975 total posts

Name:
Antoinette

Re: Another bidding vent!!!!! Update!

updated in 1st post

Posted 12/7/06 4:24 PM
 

kerrycec03
Mom of 2 beautiful boys!!

Member since 6/06

13519 total posts

Name:
Kerry

Re: Another bidding vent!!!!! Update!

OMG, $900 is an insult, seriously! Not even grand???? Make him wait that nut

Posted 12/7/06 4:26 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: Another bidding vent!!!!! Update!

Posted by antoinette

Update: he countered at 900 below the asking priceChat Icon Chat Icon Chat Icon are you effing kidding me? Wait it gets better,
We said our absolute best would be 5k more. He said that he "thinks" that he could get it done if I WAVE my real estate comission ( Im an agent so I would get commission back at closing) This guy is trying to nickel and dime me.I told him I would call him back- now Im going to make HIM wait. Maybe he'll have a revalation about things by the next time we talk. Chat Icon Chat Icon


WOW...

IMO not worth it

Posted 12/7/06 4:29 PM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Another bidding vent!!!!! Update!

this is JMO, but it's a sign to move on. he knows he's got you and I think that's very bad business.

there are 10's of thousands of houses for sale around here.

Posted 12/7/06 4:58 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Another bidding vent!!!!! Update!

Posted by SweetestOfPeas

this is JMO, but it's a sign to move on. he knows he's got you and I think that's very bad business.

there are 10's of thousands of houses for sale around here.



i agree- tell him forget it- I wouldn't waste my time

Posted 12/7/06 5:06 PM
 

~Colleen~
my loves...

Member since 5/05

9129 total posts

Name:
guess

Re: Another bidding vent!!!!! Update!

Posted by Beth1210

Posted by SweetestOfPeas

this is JMO, but it's a sign to move on. he knows he's got you and I think that's very bad business.

there are 10's of thousands of houses for sale around here.



i agree- tell him forget it- I wouldn't waste my time


I agree.

One of the first rules of bidding is being able to walk away. Keep the upperhand and walk. I can't imagine how the closing process would go if he's this stubborn now.

Good luck...

Posted 12/7/06 5:22 PM
 
 

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