[NotCranky]

Stan, as far as I know it doesn’t happen. It wouldn’t be proper to reveal the names of the offeror and for negotiations sake you don’t want to put out the word as to price if the offer is low.Unfortunately , some agents hide behind the reasonable expectation of privacy. The buyer’s agent should be able to give reasonable feedback as to how much sense the supposed offer makes with respect to the property and market conditions.

I think I can tell when the agent is full of beans. Like the OP, I am not usually prone to sticking around to find out but it can be a bit of a dilema. In 2003-2004 you were not going to get some of the best properties unless you played the game without knowing whether it was legit or not.(whether it was a good idea or not being another question)

For cutting to the chase, I am a big fan of the “letter of intent”. It is a one page non-binding offer to purchase at stated terms and conditions. I have at times sent as many as five of them out on properties without actually having looked at them….more if I have looked at the properties.

[NotCranky]

I agree with nostradamus. In business you have to set your own parameters and verify that they are met to your standards or better. If you get feedback from third parties, which is inevitable, then you have to decide on the veracity of it and how it reflects against your parameters. As much as many people love to hate RE agents, many more put them up on a pedestal(Yes some are better than others at getting up there).

[NotCranky]

I agree with nostradamus. In business you have to set your own parameters and verify that they are met to your standards or better. If you get feedback from third parties, which is inevitable, then you have to decide on the veracity of it and how it reflects against your parameters. As much as many people love to hate RE agents, many more put them up on a pedestal(Yes some are better than others at getting up there).

[NotCranky]

Raptorduck,
Thanks for the honest scoop on your situation. Good for you for giving your agent the dignity that you have. Buying RE is always a process. What you have shared of your’s so far, and my experience tends to make me think that if you don’t give it a break for a while, you will be in business soon.
I for one hope you continue to keep us posted.

Best wishes,

[NotCranky]

Raptorduck,
Thanks for the honest scoop on your situation. Good for you for giving your agent the dignity that you have. Buying RE is always a process. What you have shared of your’s so far, and my experience tends to make me think that if you don’t give it a break for a while, you will be in business soon.
I for one hope you continue to keep us posted.

Best wishes,

[NotCranky]

Thanks, nice of you to say so.

[NotCranky]

Thanks, nice of you to say so.

[NotCranky]

I am going to go contrarian on bagging Raptorduck’s agent for a couple of reasons. First the Duck himself said he had reason for picking her despite her lack of experience. Second any agent, regardless of how diligent, can go out with a buyer and find difficult situations to deal with. Excuse me, but second guessing her too much isn’t nice.

At Raptors level of wealth he is or should be an order giver on something on the purchase of a 3-4 M property. The fact that he is on this blog getting our wonderful advice is proof that he actually has taken charge of the path he is on. That is what he should do.

I have had a few clients with much experience and wealth. They actually had lower expectations for me than I had of myself and were very kind all the while.

[NotCranky]

I am going to go contrarian on bagging Raptorduck’s agent for a couple of reasons. First the Duck himself said he had reason for picking her despite her lack of experience. Second any agent, regardless of how diligent, can go out with a buyer and find difficult situations to deal with. Excuse me, but second guessing her too much isn’t nice.

At Raptors level of wealth he is or should be an order giver on something on the purchase of a 3-4 M property. The fact that he is on this blog getting our wonderful advice is proof that he actually has taken charge of the path he is on. That is what he should do.

I have had a few clients with much experience and wealth. They actually had lower expectations for me than I had of myself and were very kind all the while.

[NotCranky]

SDR it has never been my experience that more than 10% of the so called offers were actually phoney. I always ask if the offer is verbal, has it been answered, countered ect. Usually I can get a frank answer on everything but the alleged amount of the offer. Usually most houses don’t have offers on them and no offers are claimed to exist. What gives here? Why is Raptorduck seeing so much of this? Are you used to having agents lie to you all the time about offers?

Disclaimer:
Yes I know many RE types hype constantly.This particular issue of pretend offers has not come up so regularly in my experience.

[NotCranky]

SDR it has never been my experience that more than 10% of the so called offers were actually phoney. I always ask if the offer is verbal, has it been answered, countered ect. Usually I can get a frank answer on everything but the alleged amount of the offer. Usually most houses don’t have offers on them and no offers are claimed to exist. What gives here? Why is Raptorduck seeing so much of this? Are you used to having agents lie to you all the time about offers?

Disclaimer:
Yes I know many RE types hype constantly.This particular issue of pretend offers has not come up so regularly in my experience.

[NotCranky]

Raptorduck,
Regarding the property you were really interested in. Think about submitting a complete back up offer.

The other thing that comes to mind is offering to replace the buyer. If your offer was above theirs maybe they would take the difference and give you the house? Honestly I don’t know how to pull this off. I have heard of it happening before. Getting the buyers name and agents name or the escrow office would be what you need. I am not sure if all this is considered “above board” or not. There must be a proper way to do it.

Finally, regarding all the BS in buying/selling RE in general.Something like normalacy is nice when it happens but is not the rule.I wouldn’t worry about it too much because the way you are going about things you will always get something better than the one you missed. I often employ or suggest this corny sort of mantra/affirmation when property shopping after getting pretty exited about a place….”if not this something better”.

[NotCranky]

Raptorduck,
Regarding the property you were really interested in. Think about submitting a complete back up offer.

The other thing that comes to mind is offering to replace the buyer. If your offer was above theirs maybe they would take the difference and give you the house? Honestly I don’t know how to pull this off. I have heard of it happening before. Getting the buyers name and agents name or the escrow office would be what you need. I am not sure if all this is considered “above board” or not. There must be a proper way to do it.

Finally, regarding all the BS in buying/selling RE in general.Something like normalacy is nice when it happens but is not the rule.I wouldn’t worry about it too much because the way you are going about things you will always get something better than the one you missed. I often employ or suggest this corny sort of mantra/affirmation when property shopping after getting pretty exited about a place….”if not this something better”.

[NotCranky]

Standing on the sidelines and cheering other peoples downfall is …. well… fill in your blank.

I think this will fill in about half of the blank …the other half ? I guess there are as many reasons as there are piggs.

http://youtube.com/watch?v=5-giY_O7i98

[NotCranky]

Standing on the sidelines and cheering other peoples downfall is …. well… fill in your blank.

I think this will fill in about half of the blank …the other half ? I guess there are as many reasons as there are piggs.

http://youtube.com/watch?v=5-giY_O7i98

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