[quote=AN]It’s all shades of gray. You can’t logically be pissed w/one scenario w/out being pissed about the other. You gals are just trying to justify low balling AND going straight to the LA to sneak in on the deal. We all know shady agents will push for the offer their representing over other offers, since they can get commissions on both ends. Greed is just human nature. Why would a LA push for other offers instead of the one they’re representing?
Let me ask you one question, if you happen to know the LA and the LA told you that they have a SS that you’d love. They offer to put your offer in at 30% below list price (20-25% below market price) and put the property in contingent state right away. Would you jump on the deal or would your moral stop you from jumping on the deal?[/quote]
Sorry AN, but this is the housing market we are talking about. the example you mentioned – you are refering at a property that would become contingent practically the moment it hits the MLS, correct? If that’s the case, yes, I think it’s unethical of the LA. But in a short sale, how does he know if the bank would approve such a lowball offer, anyway? I will not get in such a deal, because that’s sleazy.
If the property has been on the market for some days, well, I think there is nothing unfair about going with the LA. For all I know, for the same property multiple buyers will go with the LA evening out the play field. So, in that case I’d jump on it. The offers are submitted as time goes on, not by a certain deadline – in most cases. So if the sellers are worried they won’t get what they want they may want to accept the first reasonably low offer they get. So why shouldn’t it be mine? Nothing unfair about it. It’s all about timing. If I had submitted the same lowball offer in day 1, I would have been turned down.
Side note:
Where were the morals of buyers when they ran up the price during the bubble? I lost on a few houses then because of the bidding wars who gives more above the LP. If that wasn’t immoral…. It’s a dirty game and you have to be willing to play dirty, if you have the opportunity.
