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re: Realtor made fake offer

Posted on 4/25/20 at 7:23 pm to
Posted by cubsfan5150
NWA
Member since Nov 2007
18436 posts
Posted on 4/25/20 at 7:23 pm to
I felt the same when I was FSBO, but wish I had thought it through better. 3% is less than 6%, so unless you have a house that is in a high traffic area and you're certain that it will sell without the help of the MLS, then you're better off biting the bullet and working a deal with the buyer's agent.
Posted by TJG210
New Orleans
Member since Aug 2006
29415 posts
Posted on 4/25/20 at 7:24 pm to
Can you update us when his broker tells you to get bent?
Posted by DomincDecoco
RIP Ronnie fights Thoth’s loafers
Member since Oct 2018
11921 posts
Posted on 4/25/20 at 7:31 pm to
Use a real realtor or deal with it.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 4/25/20 at 7:42 pm to
quote:

Uhh, the buyer’s realtor can kick rocks if the house if FSBO. They can ask, and I’m sure many sellers give in, but the seller is not obligated to give a dime to the buyer’s realtor. If I was a buyer and my realtor soured a deal because he wasn’t going to get his fee he would no longer be my realtor.

Which is probably why tough guy OP got ghosted.
It was most likely a courtesy phone call saying his client was interested, but he wanted to make sure his fee was paid one way or another. Tough guy OP said "I'm not paying you, you parasite" and the realtor was being nice saying he would get back with him instead of wasting more time with OP.
IMO, of course
Posted by moneyg
Member since Jun 2006
62893 posts
Posted on 4/25/20 at 7:54 pm to
quote:

Realtor called and made a verbal offer, I told him to write it up then hear nothing and he wont answer his phone


Wait. Earlier you said you accepted it.

And, you really fricked yourself. That info isn’t going to stay with him a lot if people now know what you are willing to take on your house. I wouldn’t expect an offer higher than that moving forward.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 4/25/20 at 7:56 pm to
no one said OP was very bright,just mad
Posted by UpToPar
Baton Rouge
Member since Sep 2008
22966 posts
Posted on 4/25/20 at 8:03 pm to
quote:

Which is probably why tough guy OP got ghosted.
It was most likely a courtesy phone call saying his client was interested, but he wanted to make sure his fee was paid one way or another. Tough guy OP said "I'm not paying you, you parasite" and the realtor was being nice saying he would get back with him instead of wasting more time with OP.
IMO, of course


And, like I said, if I was the potential buyer and found out the realtor was deliberately steering be away from a house because he might not get his cut, he would no longer be my realtor.
Posted by secondandshort
Member since Jan 2014
1100 posts
Posted on 4/25/20 at 8:18 pm to
The realtor was working for the buyer not the seller.
Posted by TJG210
New Orleans
Member since Aug 2006
29415 posts
Posted on 4/25/20 at 8:33 pm to
quote:

I was the potential buyer and found out the realtor was deliberately steering be away from a house because he might not get his cut, he would no longer be my realtor.


I’m probably going to get blasted, but here goes nothing: I do real estate on the side and here is my .02. I would never steer a client away from a property due to amount of commission, but in an instance where a Fsbo refuses my fee, I’d hope the buyers would still attempt to compensate me for my work/time. If I’ve shown someone 40 houses, done plenty research for them, etc I’d expect at least something. In that instance I’d still help the person with the paperwork, inspection process, loan hiccups,etc so I’m not just looking for a handout. Most transactions go smooth, but the ones that don’t the agents are worth their weight in gold.

Posted by stout
Porte du Lafitte
Member since Sep 2006
181907 posts
Posted on 4/25/20 at 8:40 pm to
quote:

Communication of a bogus offer and potentially made up clients is a different matter, I'll let his supervisors sort it out.



Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 4/25/20 at 8:54 pm to
Did you call the kid's supervisor(s) yet or are you waiting until Monday?

This is a great read. Just when I thought the thread was done, it keeps going on.



Posted by CFDoc
Member since Jan 2013
2278 posts
Posted on 4/25/20 at 9:05 pm to
quote:

I would never steer a client away from a property due to amount of commission, but in an instance where a Fsbo refuses my fee, I’d hope the buyers would still attempt to compensate me for my work/time.


When I sold a house FSBO to a young couple with a realtor, I made it very clear that there was a bottom line amount of money that would be going into my pocket by selling the home.

That left them the choice of either a) increasing the sale price of the home such that I 'paid' for the realtor fees, or b) the sale price remained lower and the buyers paid the realtor directly.

Since it was a young couple with very little cash, they chose the higher sale price and basically wrapped every single dollar they could into the loan.
Posted by TheDrunkenTigah
Baton Rouge
Member since Aug 2011
18240 posts
Posted on 4/25/20 at 9:20 pm to
quote:


Wait. Earlier you said you accepted it.

And, you really fricked yourself. That info isn’t going to stay with him a lot if people now know what you are willing to take on your house. I wouldn’t expect an offer higher than that moving forward.


It hit him like a ton of bricks about page two that he actually would have come out ahead if he would have hired a realtor, and specifically because he fricked up the one thing a realtor is actually useful for. This has been a highly entertaining read.
Posted by greygoose
Member since Aug 2013
15047 posts
Posted on 4/25/20 at 11:01 pm to
quote:

But this guy was selling a vacation home so he’s obviously been through the process at least twice before.

I have bought and sold a few properties in my life. This was the first time I had the experience of the realtor representing the buyer and seller. The first property I ever purchased, was when I found out this was acceptable under law. I refused to sign off on that. The realtor was a little incredulous, but I stuck to my guns. In my mind, "a slave cannot serve two masters".

If you want to really get into the real estate mafia shite, do a little research on how they keep the average Joe from getting an MLS listing.
Posted by greygoose
Member since Aug 2013
15047 posts
Posted on 4/25/20 at 11:07 pm to
quote:

Once you have a deal in place negotiate down your realtors percentage a couple points if you aren't happy.
Do you understand what a contract is? Seriously, are you that retarded?
Posted by cubsfan5150
NWA
Member since Nov 2007
18436 posts
Posted on 4/26/20 at 3:25 pm to
Update?
Posted by TJG210
New Orleans
Member since Aug 2006
29415 posts
Posted on 4/26/20 at 3:53 pm to
That guy isn’t doing shite, the broker will embarrass him worse than we have. Pretty sure it was a lame troll attempt by the op.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
78296 posts
Posted on 4/26/20 at 3:55 pm to
quote:

Do you understand what a contract is? Seriously, are you that retarded?


I think I had 4 different 'signed' contracts during my buying process.

Always wiggle room. Always room for negotiation.
Posted by Strannix
C.S.A.
Member since Dec 2012
53692 posts
Posted on 4/26/20 at 3:58 pm to
quote:

Tough guy OP said "I'm not paying you, you parasite" and the realtor was being nice saying he would get back with him instead of wasting more time with OP.
IMO, of course


Are you retarded? I've told every grifter realtor that called I'll give them a 3% commission and have no problem signing before they show the house.

This post was edited on 4/26/20 at 4:04 pm
Posted by cubsfan5150
NWA
Member since Nov 2007
18436 posts
Posted on 4/26/20 at 4:00 pm to
I think the fact that you expect him to know that would make you retarded
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