The wait is on.....

[LynnDeb]

Hello everyone,

Healthy and Happy Holidays to all!!!

We put our house on market the beginning of Dec. we had one showing their realtor told our realtor the buyers wanted 2010 price to offer for our house...Their realtor was too embarrassed to tell us their bid :lipsrsealed:

[geri317]

We have had our home in Amelia on the market since mid October. No offers and no showings since November 13. I feel your pain!

[Villageshooter]

We have had our home in Amelia on the market since mid October. No offers and no showings since November 13. I feel your pain!
Do u have it listed with a realtor or with the village real estate sales?

[LynnDeb]

Do u have it listed with a realtor or with the village real estate sales?

Hi we have house in Kissimmee, Fl listed w a realtor.

[Villageshooter]

I was wondering about the one here in the villages that she had in Amelia.

[Trish Crocker]

I think the offer we accepted for our house was at a 1980 price :(..but that's ok, it will all be worth it when we get there next month!

[Dancing Queen]

Wishing you a decent price, and a sale soon, so you can have a wonderful New Year in TV.
I look forward to getting to the point where we can list...

Tadpole in Training

[Cantwaittoarrive]

I think your realtor is not being honest with you. A buyers realator has to present any offer to the seller, even if they think it's too low, that's part of the fiduciary duty. The realator can try to talk their clients out of a low offer but if they make any offer it has to be presented.I should add that your realator must then present the bid to you even if it's a "low-ball" offer. You on the other hand do not have to counter the bid

[2BNTV]

Keep in mind that some people will be trying to low ball you. Some people are trying to see if you'll just accept anything. If it's too low, then it's not worth making a counter offer.

Best thing to do is move on to the next buyer.

[asianthree]

I think your realtor is not being honest with you. A buyers realator has to present any offer to the seller, even if they think it's too low, that's part of the fiduciary duty. The realator can try to talk their clients out of a low offer but if they make any offer it has to be presented.I should add that your realator must then present the bid to you even if it's a "low-ball" offer. You on the other hand do not have to counter the bid

I agree she has to tell you the bid to counter. Its your home why is she holding out on the bid?

[2BNTV]

I agree she is obligated to tell what the offer was.

[LynnDeb]

I think your realtor is not being honest with you. A buyers realator has to present any offer to the seller, even if they think it's too low, that's part of the fiduciary duty. The realator can try to talk their clients out of a low offer but if they make any offer it has to be presented.I should add that your realator must then present the bid to you even if it's a "low-ball" offer. You on the other hand do not have to counter the bid

It wasnt my realtor that brought the people here, it was a different one...she did tell my realtor the offer, the other realtor told our realtor the price and said she wanted 2010 prices...of course I would have said no anyway!!! :boom:

[Patty55]

I don't know, would "2010 prices" have been so bad? Has the market improved much in the past couple of years.

Hate to say it, I think you're being yanked by your realtor, she has a legal obligation to present all offers, I'd want to know how much.

[gomoho]

She does have an obligation to present the offer and give you the opportunity to counter. No one should assume the buyer isn't willing to pay more and it's no skin off your teeth to at least get negotiations going. I once worked a deal that was $100,000 apart and we can to terms. It's a lot of work, but that is what REALTOR'S get paid to do.

[Cantwaittoarrive]

She does have an obligation to present the offer and give you the opportunity to counter. No one should assume the buyer isn't willing to pay more and it's no skin off your teeth to at least get negotiations going. I once worked a deal that was $100,000 apart and we can to terms. It's a lot of work, but that is what REALTOR'S get paid to do.

Exactly right. If it were me I would call the broker for the office your dealing with and get to the bottom of whats going on. I also think 2010 prices would not be too bad, depending on the exact area and house 2010 prices might be higher than current. If an offer was presented to your realtor they have to present the actual offer not just a vague it was 2010 prices. I think I would fire your realtor

[janmcn]

If it was a written offer with a deposit check attached, your agent could lose her license. It sounds like it was a number whispered in your agent's ear. Tell him/her to present all offers in writing with a good faith deposit attached and you will make the decision.

[Bill-n-Brillo]

...... It sounds like it was a number whispered in your agent's ear. Tell him/her to present all offers in writing with a good faith deposit attached and you will make the decision.

Ditto. The "offer" could have simply been a verbal ballpark-number that was tossed into the conversation by the other party's realtor.

As usual, "money talks and you-know-what walks". When the offer is made in writing and backed up with an earnest money deposit, THEN you have a real offer.

Bill :)

[Trish Crocker]

I would seriously insist on seeing all offers, as has been stated, your realtor is legally bound to present any and all offers to you. We sold our house this month. The couple that bought it presented an offer to us that was $100,000 less than asking price. We didn't get offended, we just explained to them that we could not afford to accept this offer. They then came back with a slightly higher bid. Again, we couldn't accept the offer but told them that we appreciated the fact that they liked our home and wished them good luck in their search. Three weeks later, they called and asked if they could come by and make another offer..we accepted it and bought our new home in TV a week later. If I weren't a realtor selling my own property and the agent I hired took it upon her/himself to reject the first offer, this house probably would not have been sold. Buyers are making extremely low initial offers because they have bought into the hype that the housing market is so bad sellers will take anything. Everyone has heard at least one story of someone buying a $500,000 house for $150,000 because the sellers were desperate, most of these stories are exaggerated, but a serious buyer that wants your house will come to his senses.

[Cantwaittoarrive]

I would seriously insist on seeing all offers, as has been stated, your realtor is legally bound to present any and all offers to you. We sold our house this month. The couple that bought it presented an offer to us that was $100,000 less than asking price. We didn't get offended, we just explained to them that we could not afford to accept this offer. They then came back with a slightly higher bid. Again, we couldn't accept the offer but told them that we appreciated the fact that they liked our home and wished them good luck in their search. Three weeks later, they called and asked if they could come by and make another offer..we accepted it and bought our new home in TV a week later. If I weren't a realtor selling my own property and the agent I hired took it upon her/himself to reject the first offer, this house probably would not have been sold. Buyers are making extremely low initial offers because they have bought into the hype that the housing market is so bad sellers will take anything. Everyone has heard at least one story of someone buying a $500,000 house for $150,000 because the sellers were desperate, most of these stories are exaggerated, but a serious buyer that wants your house will come to his senses.

:agree:

[buggyone]

Hopefully, even a 2010 price would be a heck of a lot more than what you paid for the house and may have been considered good enough by you to take the offer - or a decent counter-offer - so you could have moved to The Villages, bought a dream home, and not have a mortgage.

Your agent did NOT do you a favor. Get rid of that agent immediately!

[Cisco Kid]

Have prices moved up that much over 2010. ?

[Cantwaittoarrive]

Have prices moved up that much over 2010. ?

Not in many areas of the country. I think the OP lives in Florida in the Orlando area so I doubt that they have moved up very much since 2010. It probably was a decent starting point to negotiate but who knows