Ok here's the dilema...what would you do in this situation. DH and I went to an open house on Sat and totally feel in love with the house. It has been reduced before and has been on the market for a few months...when we were at the open house the list agent showed us around and was very helpful (which they all are when they want to make a sale)..we must have spent about 40 minutes with him...he was about our age (late twenties) and new we were interested. Anyway, we have been working with an agent (my aunts friend) who is extremely honest and not the type who is out for herself well atleast not with us...but like I sad she is a good friend of my aunts...So here is where the dilema comes in...We were thinking of making our offer through her since we know she will be honest.....but does that look bad that we are not doing it through the list agent who has already called me two times to follow up? What do you guys think? What would you do?
DebMaher
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Re: We are making an offer and need advice ASAP....
All brokers (seller and buyer) are typically paid a percentage of the sales price (read--from what you pay.)
Dani00518
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Re: We are making an offer and need advice ASAP....
well do you think I am lessining my chances of getting the house if we go through my aunts friend?
skew
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Posted by DebMaher
Skew, I agree with what you posted, however, our experience (again, not RE expert) has been that the seller's agent is always motivated to mention the offer to all parties who have expressed interest so as to get the offer as high as possible.
in this crazy market i would not be surprised. the agent wants to make as much commision as possible and as a result will probably contact all potential buyers in hopes of increasing the bid price.
LisaT
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Re: We are making an offer and need advice ASAP....
Posted by Dani00518
well do you think I am lessining my chances of getting the house if we go through my aunts friend?
probably not. The ONLY chance that you would be is IF (and thats a BIG 'if') there's another similiar offer and its coming through the listing agent directly. Then he 'may' work harder on that deal to get both commissions.
But that seems unlikely if the house has been sitting awhile.
DebMaher
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Re: We are making an offer and need advice ASAP....
Well no, because you will usually be given the chance to counteroffer. It depends on how hot the market is and how many serious other buyers there are. These are things your broker should be able to help with. If not, then even if it is a friend, they are not really doing anything to earn the $$$$
DebMaher
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Re: We are making an offer and need advice ASAP....
I agree completely with the last posts by Lisa and Skew. Have your lady feel him out -- see what he says. May go through. If not, take as it comes with advice. YOu can always offer more.
skew
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Re: We are making an offer and need advice ASAP....
Posted by Dani00518
well do you think I am lessining my chances of getting the house if we go through my aunts friend?
not necessarily. the listing agent is obviously going to try and sell the home for as close to the asking price as possibly. however, the seller has the final say so in who they to accept the bid from. if the owners have been in the home for quite some time and are very attached, they want to know that the new owners will care for the home in the same way they have. money isn't always the driving force for all sellers.
i would call your agent and explain the situation. tell her you would like to make another appt and if possible meet the homeowners.
Dani00518
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Re: We are making an offer and need advice ASAP....
ehhh...I am definitely going to lose sleep over this tonight...I guess I'll have DH call my aunts friend tomorrow and ask her what the pros and cons are of going through her...he is going to kill me because initially he wanted to just go through the sellers agent but I pushed to go through my aunts friend.
DebMaher
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Re: We are making an offer and need advice ASAP....
Don;t lose sleep -- you and baby need you rest!
Dani00518
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Re: We are making an offer and need advice ASAP....
Posted by skew
Posted by Dani00518
well do you think I am lessining my chances of getting the house if we go through my aunts friend?
not necessarily. the listing agent is obviously going to try and sell the home for as close to the asking price as possibly. however, the seller has the final say so in who they to accept the bid from. if the owners have been in the home for quite some time and are very attached, they want to know that the new owners will care for the home in the same way they have. money isn't always the driving force for all sellers.
i would call your agent and explain the situation. tell her you would like to make another appt and if possible meet the homeowners.
Well my DH plans to go tomorrow to see the house again and he is going to bring his friend who is a contractor so he can let us know how much$$$ really needs to go into the house.
Dani00518
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Re: We are making an offer and need advice ASAP....
Posted by DebMaher
Don;t lose sleep -- you and baby need you rest!
I know but this is just so stressful....But I really thank all of you guys for listening and offering your advice.
LisaT
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Re: We are making an offer and need advice ASAP....
I don't know if we helped, or if we made your crazy...but I promise it was done with the intention of trying to help
DebMaher
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Re: We are making an offer and need advice ASAP....
Just remember, in about a year, you will likely be settled into your new home (this one if it is meant to be) with your new FAMILY!!!!!
skew
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Re: We are making an offer and need advice ASAP....
don't stress and GOOD LUCK. if this is home that you both LOVE, then i wouldn't play any bidding war games and risk losing your dream home. make an offer that is close to the asking price.
Dani00518
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Re: We are making an offer and need advice ASAP....
WE really want this house...it is the first one we've seen that we have both loved in months....Please Keep your fingers crossed for us and I'll keep you all posted!
DebMaher
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Re: We are making an offer and need advice ASAP....
Then talk to your aunt's friend about combining a fair offer with one most likely to get you this house. Good luck and you will be in my thoughts. PLEASE keep us informed of what happens! And don't stress.
LisaT
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Re: We are making an offer and need advice ASAP....
Posted by skew
don't stress and GOOD LUCK. if this is home that you both LOVE, then i wouldn't play any bidding war games and risk losing your dream home. make an offer that is close to the asking price.
I don't think making a fair offer that may be considerably under asking is necessarily playing games especially since this house needs work and has been sitting awhile.
Start low and go up from there is my motto. They'll counter and that will give you a feel for where they're at.
DebMaher
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Re: We are making an offer and need advice ASAP....
Well put , Lisa!
Dani00518
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Well I'm off to bed.....I have to be functionable for the rug-rats at school tomorrow...Thanks again...I truley appreciate it!!
aliasPook@aol.com
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Re: We are making an offer and need advice ASAP....
Remember that they turned my offer down and by waiting a day, we wound up getting the price we wanted. We were firm, but we knew we would go a drop higher if need be. Good luck Danielle!!!!!!
