[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]

Originally Posted by janmcn

...... 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]

Originally Posted by 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.

[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]

Originally Posted by Cisco Kid

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