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  • May 28, 2008 at 10:40 PM #12876
    elemento951
    Participant

    First off just wanted to say a quick thanks to everyone on here for all the informative posts. I’ve been reading this board for quite some time and have learned a lot and had quite a few good laughs as well.

    Anyways, I find myself in a bit of a rookie dilemma. I’ve been looking at houses in the Temecula/Murrieta area for quite some time but haven’t made a move as the market’s been steadily creeping downward. As of lately though I have enlisted the help of a re agent I met at an open house and we’ve been looking at a few houses. At the time she was very helpful and ~seemed~ to be quite experienced. Just recently we stumbled upon one that we really liked and decided to throw out a low ball offer. This is where things started to get a bit scary. She has constantly been telling us that we need to buy soon and that we have to move fast (I know its oldest sales trick in the book) but come to find out today she hasn’t sold a house in months. For supposedly being such a sellers market all of a sudden it seems she hasn’t done much. Bottom line, aside from typing in the code on the doorlocks to let us in, she hasn’t offered us anything that could remotely be considered beneficial. We’ve haven’t got a concrete answer from her to any of our questions regarding the houses, offer process, or purchasing in general. Long story short, we’d like to put in this low ball offer but I’m scared sh#t about her driving this deal. At this point, I haven’t signed _any_ contracts with her whatsoever so I’m just wondering if I have any legal obligations to her. I’ve heard different stories about re agent commissions and their different types of exclusive contracts but we haven’t signed anything. If so, do you guys have any recommendations as far proceeding with this offer? Should I just cut my losses? We really really like this house and would like to go for it but I’m not sure. Any advice is greatly appreciated. Thanks

    May 28, 2008 at 10:48 PM #213228
    SD Realtor
    Participant

    If you have not signed any representation agreement then for the most part you are in good shape. If you did end up purchasing a home that she showed you, or sent you information about then there could be an argument in her favor that indeed she procurred the home for you.

    Be honest with her and thank her for the time she put in but that you have decided to go in another direction. You don’t need to tell her anything more then that although she may ask you about details as to what you are doing. If she asks to put you on an auto-search or spend any time whatsoever on your effort politely say thanks but right now you would rather not have her do that.

    Just be up front and go your seperate ways. I have found that there are situations where I know I performed my best but have still had situations where clients feel more comfortable going in other directions. Recently I had a guy backdoor me and he ended up working directly with the seller of a home I showed him! Sh-t happens right? Anyways yep, cut your losses and go.

    Did she show you this home that you want to make an offer on? How did you stumble on it? Did she have anything to do with your stumbling on it?

    May 28, 2008 at 10:48 PM #213302
    SD Realtor
    Participant

    If you have not signed any representation agreement then for the most part you are in good shape. If you did end up purchasing a home that she showed you, or sent you information about then there could be an argument in her favor that indeed she procurred the home for you.

    Be honest with her and thank her for the time she put in but that you have decided to go in another direction. You don’t need to tell her anything more then that although she may ask you about details as to what you are doing. If she asks to put you on an auto-search or spend any time whatsoever on your effort politely say thanks but right now you would rather not have her do that.

    Just be up front and go your seperate ways. I have found that there are situations where I know I performed my best but have still had situations where clients feel more comfortable going in other directions. Recently I had a guy backdoor me and he ended up working directly with the seller of a home I showed him! Sh-t happens right? Anyways yep, cut your losses and go.

    Did she show you this home that you want to make an offer on? How did you stumble on it? Did she have anything to do with your stumbling on it?

    May 28, 2008 at 10:48 PM #213329
    SD Realtor
    Participant

    If you have not signed any representation agreement then for the most part you are in good shape. If you did end up purchasing a home that she showed you, or sent you information about then there could be an argument in her favor that indeed she procurred the home for you.

    Be honest with her and thank her for the time she put in but that you have decided to go in another direction. You don’t need to tell her anything more then that although she may ask you about details as to what you are doing. If she asks to put you on an auto-search or spend any time whatsoever on your effort politely say thanks but right now you would rather not have her do that.

    Just be up front and go your seperate ways. I have found that there are situations where I know I performed my best but have still had situations where clients feel more comfortable going in other directions. Recently I had a guy backdoor me and he ended up working directly with the seller of a home I showed him! Sh-t happens right? Anyways yep, cut your losses and go.

    Did she show you this home that you want to make an offer on? How did you stumble on it? Did she have anything to do with your stumbling on it?

    May 28, 2008 at 10:48 PM #213354
    SD Realtor
    Participant

    If you have not signed any representation agreement then for the most part you are in good shape. If you did end up purchasing a home that she showed you, or sent you information about then there could be an argument in her favor that indeed she procurred the home for you.

    Be honest with her and thank her for the time she put in but that you have decided to go in another direction. You don’t need to tell her anything more then that although she may ask you about details as to what you are doing. If she asks to put you on an auto-search or spend any time whatsoever on your effort politely say thanks but right now you would rather not have her do that.

    Just be up front and go your seperate ways. I have found that there are situations where I know I performed my best but have still had situations where clients feel more comfortable going in other directions. Recently I had a guy backdoor me and he ended up working directly with the seller of a home I showed him! Sh-t happens right? Anyways yep, cut your losses and go.

    Did she show you this home that you want to make an offer on? How did you stumble on it? Did she have anything to do with your stumbling on it?

    May 28, 2008 at 10:48 PM #213383
    SD Realtor
    Participant

    If you have not signed any representation agreement then for the most part you are in good shape. If you did end up purchasing a home that she showed you, or sent you information about then there could be an argument in her favor that indeed she procurred the home for you.

    Be honest with her and thank her for the time she put in but that you have decided to go in another direction. You don’t need to tell her anything more then that although she may ask you about details as to what you are doing. If she asks to put you on an auto-search or spend any time whatsoever on your effort politely say thanks but right now you would rather not have her do that.

    Just be up front and go your seperate ways. I have found that there are situations where I know I performed my best but have still had situations where clients feel more comfortable going in other directions. Recently I had a guy backdoor me and he ended up working directly with the seller of a home I showed him! Sh-t happens right? Anyways yep, cut your losses and go.

    Did she show you this home that you want to make an offer on? How did you stumble on it? Did she have anything to do with your stumbling on it?

    May 28, 2008 at 11:17 PM #213245
    NotCranky
    Participant

    I think that if she showed you the house the best thing to do is let her write the offer. If you have no confidence in her ability to handle the transaction should it go to escrow, that could be a problem. Usually inexperience won’t cause an escrow to outright fail when buyer and seller have had a meeting of the minds.You have an escrow company and the seller’s agent and other parties trying to make it work too. Just keep a close eye on all the terms as they get written and negotiated.

    May 28, 2008 at 11:17 PM #213322
    NotCranky
    Participant

    I think that if she showed you the house the best thing to do is let her write the offer. If you have no confidence in her ability to handle the transaction should it go to escrow, that could be a problem. Usually inexperience won’t cause an escrow to outright fail when buyer and seller have had a meeting of the minds.You have an escrow company and the seller’s agent and other parties trying to make it work too. Just keep a close eye on all the terms as they get written and negotiated.

    May 28, 2008 at 11:17 PM #213347
    NotCranky
    Participant

    I think that if she showed you the house the best thing to do is let her write the offer. If you have no confidence in her ability to handle the transaction should it go to escrow, that could be a problem. Usually inexperience won’t cause an escrow to outright fail when buyer and seller have had a meeting of the minds.You have an escrow company and the seller’s agent and other parties trying to make it work too. Just keep a close eye on all the terms as they get written and negotiated.

    May 28, 2008 at 11:17 PM #213372
    NotCranky
    Participant

    I think that if she showed you the house the best thing to do is let her write the offer. If you have no confidence in her ability to handle the transaction should it go to escrow, that could be a problem. Usually inexperience won’t cause an escrow to outright fail when buyer and seller have had a meeting of the minds.You have an escrow company and the seller’s agent and other parties trying to make it work too. Just keep a close eye on all the terms as they get written and negotiated.

    May 28, 2008 at 11:17 PM #213404
    NotCranky
    Participant

    I think that if she showed you the house the best thing to do is let her write the offer. If you have no confidence in her ability to handle the transaction should it go to escrow, that could be a problem. Usually inexperience won’t cause an escrow to outright fail when buyer and seller have had a meeting of the minds.You have an escrow company and the seller’s agent and other parties trying to make it work too. Just keep a close eye on all the terms as they get written and negotiated.

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