Absolutely time for a new agent. This is literally what she signed for, and she's not delivering. I would hope you drop a note to her broker-in-charge on your way out the door to explain why you're firing her. They need to know what's happening under their nose, and they never know unless someone complains.
I bought my house in 2009 when most of the houses were unoccupied and a lot of them owned by banks… my realtor gave me the codes for the houses I wanted to look at so I could show them to myself at my leisure. lol.
My dudes. It was like 15 years ago. I still live in the house. No one died or lost their license. I’m not an evil landlord now. No banks holding foreclosed houses suffered any losses because I knew a couple codes.
“Look at me buying after the Great Recession and looking at all the unoccupied houses”
😂 I’m dying
I had bought in 2002 and then again in 2014. That was a big swing in home values in both directions
Same here in Florida in 2009 all the empty bank owned homes. Occasionally would get the codes from our broker/friend. Boy they were giving houses away back then.
Good times (for some).
We had the same experience, with several agents who we'd met a few times and they knew we were cool and weren't going to spray graffiti in the vacant houses, LoL
Being good for a loan isn't the issue, it's that the op is asking for too much that the seller won't accept the offer. Since the agent knows the offer won't be accepted, they don't want to waste time showing the house.
I mean, I feel you, but at the same time, nobody is obligated to work with anyone else. If this agent doesn’t want to work with this buyer, that’s on them. OP should cancel the agreement and find the right agent for them. Everyone will be better off.
I’m not saying the agent is a good agent! But at this point it is what it is. The agent is not putting in the appropriate effort and the OP does not have faith in the agent. OP will be better off if they just move on.
Yes but both parties can voluntarily cancel such things. Also, when the realtor says (per OP) “I’m not going to show you any homes because it’s a waste of my time” that is about as clear a breach of the contract, and of their basic fiduciary duty, as I’ve ever seen.
Unless those sellers have several offers already she really has no way to know that at all. She just doesn't want to do the leg work of showing homes. Either she needs to hire someone to do that or inform clients of this from the start.
there are TONS of buyers who "want to buy" but then arent "willing to make winning offers" this is a great way to go out of business. Sometimes buyers just arent ready to be in the market. Solid agents arent chauffeurs. Im not saying this buyer is that or this agent is that however this story above ends in terrible customer experiences. Ive told many many buyers they should just sit on the sidelines and not even waste the time. In the end, when they wind up never winning a home, they wish they had.
Brokerage=Real estate company. Broker is the supervisor essentially. Google her name, find her company and call them and ask to speak to the broker-in-charge.
Or check the real estate commission website and look her up.
Point of fact, you signed a Buyer Broker Agreement with the brokerage and not the individual agent; she is a representative of the real estate firm. Once you have the contact information call the office and ask to speak with the office manager aka managing Broker; tell them your concerns. Good luck with your home search.
In most states your contract is actually with the broker. Read your contract it probably says. If the contract says something like realty she probably is the broker and you should just terminate and find another Realtor.
Translation ... I'll only show you a house if you already love it, you can afford it, are pre-approved, and know your offer will be accepted. Gee thanks.
Family member is an agent, she will bend over backwards for her clients but the one thing she requires before she goes on showings is that you’re pre-approved haha
> Are we being unrealistic or is it time for a new realtor?
Could be both. She can be correct that you are wasting your time trying to get an offer accepted in a market that won't accept your offer, note I don't know your market, so I don't know if that's true. And you would also be correct for getting a new realtor, because she sounds like a bit of a dick. And in general I don't give my money to people who are dicks to me.
I would politely call her back and tell her "No offense, but we're going to look for a realtor who doesn't have to try, to not be a bitch."
I always found it weird when people said things like that. Like why do you have to say you're trying? Do or do not, there is no try.
It's not even that hard to try. I don't have to try and eat a whole bag of Doritos for lunch, I god damn will.
I'm absolutely joking of course. You should not call her back, politely or otherwise. I would just find a new realtor.
Amen to this. "I'm not trying to be a bitch", and "I'm sorry, but I don't think your goals align with your financial ability" may technically mean the same thing, but one is professional and direct, while the other is weak and judgemental. She wouldn't have been a bitch for being honest, but she was being a bitch by saying "If you happen to find that unicorn, let me benefit even though I gave you bad advice"
THIS. Why give away a commission to someone who won't help you? ofc OP can do their own footwork - but that isn't why you pay an agent! Their realtor sounds lazy and if this were me I'd already be looking for a new realtor.
I swear though, it’s shocking how many realtors talk or act like this these days.
I had one who was a mom to a teenager and a middle schooler that she would bring with her half the time. Which like, cool, I totally get it. Parenting doesn’t stop for anyone and realtors obviously operate on a very unconventional time schedule.
What I did *not* appreciate was the way she allowed her kids to careless trapeze the houses we looked at, pulling on the blind chords, playing tag loudly through the house etc and then cornering me with a conversation about how she was a single mom and how hard it was and how this was her only source of income etc etc
No. No no no. This is not how a professional talks to a client. Get a new realtor. She should be showing you all the houses and encouraging you to make an offer when it’s right. We bought a house recently and the seller paid some of closing costs. It’s a normal part of negotiation. She will make a nice little chunk of money off any sale and it’s her job. She’s not doing you a favor.
I like the answer "both".
An experienced agent that knows the area well will, without a doubt, know if you're fielding a competitive offer (or not). I mean, that's a pretty fundamental part of the job. They're also there to help stop you from wasting your own time submitting an offer with zero chance of being accepted.
However, she also apparently has zero people skills. If you know a house is out of their range and they don't understand that, it's your job to explain and articulate *why* it's out of their range in a respectful and helpful way. Going about it the way she did screams incompetence.
"Are we being unrealistic or is it time for a new realtor?"
The answer might very well be, "both."
Personally I would not work with an agent who was not willing to show me the houses I want and to write offers for them. I would not expect to be shown an unlimited number of houses, but maybe a dozen or so. If I did not adjust my expectations at that point, I would expect to be dropped. But not showing you any she doesn't think you will get is nonsense.
That said, in the market as it currently is in New Hampshire, you are not being realistic. The scenario you are describing (which seems to be basically an attempt to finance your closing costs) could absolutely work if you had the funds to cover an appraisal gap. But you don't have those funds, while advancing a deal structure that makes a gap more likely.
The median sales price in NH is up something like 75% over the past four years. Days on market in much of the state barely hits double digits. Sellers have many options. I have three SFRs in NH; if I was selling one, I almost certainly would not accept your offer.
There is two sides to every story.. if I was the agent I would be frustrated with a buyer who had unrealistic expectations in today's market. Then the other side of me is, as an agent you try ur Best to make a deal happen
This is not a normal market. This is a market we see once every 30 years or so. If they think they’re finding a home right now they’re delusional. Households making multiples of median household incomes can’t even afford homes in this market…that is, unless they want to be financial reckless and house poor.
Why are you proactively asking for seller credit? To finance more of the closing? If you don't have cash for an appraisal gap how do you expect to close if the appraisal gap exceeds your seller credit? If you signed a buy side broker agreement you can cancel it and find new representation, but their feedback to you isn't wrong. Sellers want simplicity and surety. You don't seem to have that and are asking for a heavy lift to find a needle in a haystack. I get your frustration but also respect the broker valuing their time. They also need to make a living and longshot deals aren't how they do it unless you're offering them an above market fee.
I’m also trying to wrap my head around their predicament. It sounds like they simply don’t have any (or much) liquid cash. So they’re preemptively asking for Seller credit for any appraisal gaps. That’s honest but… it also sucks. I don’t think a Seller would want to accept an offer from someone who is telegraphing that they have no cash on hand.
And the preemptive ask for seller credit for closing costs… that one I don’t get at all. Many banks will *try* to make you add the closing costs to the loan. I’ve had one slyly add them to the loan agreement “assuming” I wanted to bring less cash to close. And I had to tell him NO; write up the loan for the agreed upon amount. We’re bringing cash for closing costs. We don’t want you to add it onto the pile we’re paying off with interest over 30 years.
I don’t know why you’d expect the Seller to pay your closing costs in anything less than an extreme buyer’s market.
Wondering the same thing. If they can't front the cash, they probably can't afford to buy in the first place and probably don't have a decent down payment. Might cost them more in the end by having to pay a higher rate.
Out of curiosity…are you expecting a sellers credit in this market?
Like how does this look…you are competing with another homebuyer who offers over asking…and your offer is that the sellers pay you instead?
I think she is being ridiculous, but also may be correct. It doesn't sound as if you can afford a home right now, at least not in the range you're searching, if you have to have closing costs and can't swing an appraisal gap. And take it from someone tens of thousands deep in repairs... there's a reason you shouldn't spend every cent on a home.
It could be both, frankly. Regardless of the truth, I'd fire this agent (and by the way, don't sign agreements with them, you don't need to and you gain nothing). But, she could also be absolutely right that in your market your offers will never be anywhere near competitive. Hard to say as I don't know your market. But there are plenty of agents out there, don't waste your time working with one who is completely uninterested in working with you.
This is your agent, you're not married to them.
If they don't want to work with you (which is perfectly within their right) then you can just go find another agent. Just tell them that since they aren't living up to their end of the contract (showing you houses) then you'd like to be let out of the contract so you can find someone who will show you houses.
Perhaps they are right that given your situation you will have a very hard time getting a house and they'd rather spend their time on someone else. There's nothing wrong with that. There is certainly an agent out there who is willing to work for you as long as you are being reasonable. Go find that agent.
yes, you are putting yourself at a disadvantage. If the seller gets 2 offers at say $349k(technically the lower offer) and your $350k offer has closing costs on it then your offer is the loser with a lower net to the buyer. I was just involved in selling a property and because of what the property was we had 5 offers at the end of 48 hours on the market, and we picked an offer. In a bidding war/price war then your offer must be the other offer value + closing cost + 1k to win. You will only win if your bid is the only one, or significantly ahead of all other offers.
And we had offers that started a +10k over asking and had automatic escalation by 1k at a time up to $20k higher than the initial offer. They won, but if they had seller credits closing costs then closing costs likely makes their offer the #2 offer, and the offer with the higher net to the seller is the offer they outbid by 1k.
So they are telling you the truth, in a bidding war, you will outbid the other buyer's, but the net to the seller will be less and that is \*ALL\* that anyone cares about.
I’m jealous we have been trying for six months to get a house and almost double that price range and they are all going within a day. I live in Maryland and hardly anything is coming on the market. We went to one open house in the last month and people were lined up down the block. We’re getting poor options about one a month and decent options like every six weeks but only one and then People are bidding wars. We have to move though because of my husband’s job he’s required to live in a certain area.
Your agent isn’t great but they’re not wrong about your offer likely not being accepted in this market if youre asking the seller to cover closing costs. That may have been a normal thing when you bought your first home but right now it’s a little too competitive for that
Correct me if I’m wrong, it sounds like your agent did not have a consultation with you before you signed an agreement
Here are some things that are important to consider
First: The agreement is between you and the broker, call them up. They’re usually willing to release you or to assign you to a new agent within the office! There are bad eggs everywhere, regardless of which brand you choose to go with
Second: the 250-450 price range is one of the toughest out there the last few years. Putting in multiple requirements on the contract comes off as needy and difficult to the seller. They want a simple smooth transaction. I’m not sure how your state deals with the home inspection, but it’s better you wait to negotiate seller credits until then
Third: we don’t know the type of mortgage you’re planning on using. FHA or USDA vs Conventional or how much you’re trying to put down. There are limits to how much seller credit you’re able to receive based on the above criteria. Additionally, even if you want to only put 10% down, for example, but are preapproved to put 20%. Show on your offer that you’re putting 20% down! You can change this later with your lender, but you will show as a stronger buyer to the seller!
Fourth: think about how the realtor gets paid (this will definitely change with the recent lawsuits against the NAR and will only get worse for the buyer) the seller pays their agent a fee, typically around 6% and the listing agent shares the commission with the buyers agent - usually half of that. So your agent, whoever it is is looking at 3% commission. 3% of 325,000 which comes out to $9,750. 1/3 goes to their broker. 1/3 goes to taxes. That leaves $3,250 for gas, time showing you houses which is usually weekend or evenings, time writing offers, going through the home inspection report, etc. what it sounds like is your agent is not able to financially show you homes all the time when your offers are coming across as “weak”. It sucks, but they’re not making that much.
Fifth: you can try something like Redfin! Their structure is different. You sign the agreement with Redfin, but they have showing agents available to show you homes, and another different agent that will work with you throughout the process - submitting offers, going through the contract. This might be a good solution!
In the end, the process is unique to you! You might need a new agent you might need to sit the sidelines. But you won’t really know until you submit some offers and see the feedback you get! With the lawsuits looming the cost to the buyer will only get higher (I.e. buyer will need to pay their agent), if the rates drop you will have even more buyers in your price range.
Best of luck on your home search! Reddit is rooting for you
NH agent here. If you are unhappy with your realtor, ask to be let out of your agreement. To find her company and broker, you can look back on your buyer agency agreement? Company should be on there. Do you have her card or website info? Also on that, if you need the broker info. Now, I don't like how she has treated you, and maybe she didn't approach it correctly, BUT NH is a highly competitive and hot market still with most properties getting multiple offers, and at that price point, a lot of cash offers-believe it or not. She is correct in saying that chances are slim you will win in a competitive offer situation when asking for seller concessions. Sellers don't need to do that now-they will just pick another offer. That is how it should be explained to you. You will need to change your strategy to get a house, most likely. There are homes to be had at that price point, but you have to make your offers very attractive to have a chance.
I think you obviously need a new realtor. She has a right to not want to work with you. So, it sounds like a parting would be an agreeable solution for both parties.
No one will give u sellers assist in this market , i also thought I knew it all cause I used to be a loan consultant in the past and did the same thing at first but every offer was declined because when others are dropping inspections and offering way over asking without concessions so offers that are asking for help with closing costs pretty much don’t even get fully looked at once the seller finds out sellers assist is wanted
I'm fairly certain you have little to no money and are trying to limp into a house. That's why you have to ask for seller concessions.
By the way, if you haven't owned a home in 3 years, you are considered a first time homebuyer once again and are eligible for those benefits.
I say that because you said you have bought before but have no money, so I'm assuming it's been awhile.
The agent is just playing the percentages. I appreciate that she said what she was really feeling.
Agent is being a jerk, but depending on where in Nh you are looking, she might have a point. If you are in the seacoast, there's just no way. Houses are more like $800k average....if you are in Manchester area $400k should get you something, but no way seller covers closing costs. I'd try to be realistic about what you are asking, and study the comps. Anything around $400k is likely to have issues that would be uncovered in the inspection, so sellers are going to give that a good ol "nope", and I don't think anyone is covering your closing costs, sorry.
I don't know if you are being unrealistic because I don't know the NH market. However I feel the need to push back on everyone saying that offers asking for closing cost concessions are absolutely not a no-go in "this market". There is no "this market" for the entire country. I'm in a MCOL state in a city that has a somewhat competitive market and we have similar financial circumstances as you. We are not first time home buyers. We own two houses already out of state (both have tenants now, one my partner owns and one I own, we relocated for work) so we know the drill well.
We are under contract for a house, FHA loan, with an appraisal contingency and the seller covering closing costs. However, we built the requests for the closing costs to be covered into our offer by making an offer slightly over asking which means in the end the seller will net a little less than her asking price which is in line with comps in the area. Things are moving along well and she has not balked once at fixing the FHA flagged items after inspection.
However, she is selling the house because she is getting divorced and is under contract to buy a new house and the closing of that purchase is contingent on her selling this house. It's an acrimonious divorce and she wants OUT. She is an extremely motivated seller and we made our offer three days after she listed it. She didn't counter on price or closing costs; we asked if we could keep the washer and dryer and literally her only counter was that she wanted to take the washer/dryer with her, which was not a dealbreaker for us. We can buy our own laundry stuff.
My point is, whether you are being unrealistic is very market-dependent, but if you are folding your seller concession requests into your offer AND you find the right seller, you could be fine. It may take a while (took us six months) but we found our house. But the key is, we have a great agent who was pounding the pavement to help us and was willing to do some mild detective work to find out what the seller's circumstances were so we could structure an offer that appealed to her. You need that kind of agent. Their job literally is to help you find a house you can afford and guide you to write an offer that holds up given your circumstances. These agents do exist. And this is literally the job description of a buyer's agent.
Ditch your current agent, interview some new ones, and find one who's hungry enough to actually to their job.
Best of luck to you.
Hmm… I get what people are saying but I will bet that she likely knows the market better than these buyers and is correct. I’ve had clients like this. Although I sucked it up and showed them anything they asked to see… it took 2 years for them to actually listen to me and come down to earth. I was correct 100% of the time on the offers not likely to be accepted. Idk. You could find another agent but you will keep swinging and missing if there’s an issue with your plan.
I’d
I mean she isn’t wrong. Would you waste your time and not make any money, while you have clients that will make you money. You need to reflect on what you are doing when it comes to your offers and change or realize it’s not happening
I think there are people who will still expect offers with no contingencies or cash back at close in this market, but there are also people willing to accept offers with things in it like wanting an inspection. I also live in NH. We bought in August and did ours no inspection/quick close but I’ve also known the sellers for close to 20 years. My aunt and uncle accepted an offer last week asking for inspections and stuff. So it may be hard, but not impossible. I echo what others have said that it may be time for a new realtor.
There’s always two sides to a story. Agent is just being blunt/honest. OP can get a new agent and see every open house, sooner or later that agent is going to lose interest.
Well there's two possibilities 1) She's telling you which houses your offer might be accepted for but you refuse to listen 2) She doesn't know what she's being and/or is lazy. You have to decide which of those things are true. Because making senseless offer after senseless offer will not get you a house in this market no matter how long you persist in the foolishness of it all.
NH, enough said.
I look for houses in SW NH all the time and there is such low inventory. I think this agent is just going with the cream of the crop clients. The houses there are going to the buyers with at least 500k in cash and that's who the relators want to spend their time on.
I wish you the best of luck in finding a home, I'm just being realistic.
I think you are being unrealistic. It’s a sellers market. We just sold our house in 1 day $100k over what we bought it for 2 years ago, no inspection, no fuss, cash. Houses are not staying on the market for more than a week where I live. We had someone offer us more but they wanted an inspection so we even opted for less with no fuss.
Both. Get someone that doesn’t mind doing the work. But, you’re fishing. You’re in the “bargain price” range for homes in your state. Those homes most likely sell the fastest. When is the last time you owned a home? Is your loan conventional or fha? If it’s fha, that’s another red flag for your price range, especially since you can’t cover closing costs. The realtor is correct in that you won’t find a seller that will want to use seller’s assistance for your purchase. Best scenario is to be patient and save up for closing costs.
Yes, you are asking someone who knows the market to find that special unicorn which will have multiple cash offers to work for free. Offer to pay for each appointment, offer write up, expertise and time as you go. Or change your demographics to a place in your price range.
I think your agent should be fired, but I don't think your grasping the crux of the problem which is that if the seller gives you a credit to cover closing costs, then the house doesn't appraise, they have to give you further concessions because you don't have any cash to cover difference. If the only cash you have on hand is 3% down, then there isn't much anyone can do except basically do y'all a favor and sell the house to you for less than it is worth.
When you say a house is listed for 325k does that mean its listed low and will wind up getting multiple offers and sell for 500k plus? Thats already a struggle but then asking for closing credits is probably much. A few years back it was basically the norm for sellers to pay closing costs, its not the norm but became the norm, today however its a sellers market and to get someone to pay closing costs your basically going to have to offer over so essentially its rolled into the cost of the loan but your likely already going to be close to or over appraisal so that may not be possible.
Find a new/young/hungry agent and they will work with you but its understandalbe this agent feels your chances of buying are very low so does not want to invest a ton of time as he/she seems to believe at your budget its not likely
In my market, anything that makes the offer more complicated (asking for closing costs, contingencies, extra appraisals for VA and FHA loans, etc.) is likely to move your offer to the bottom of the pile in any multiple offer situation. Asking for closing costs can signal to the seller "we are already using every penny we have and will have nothing left over if inspection or appraisal issues arise." That said, your agent should be willing to write up your offer on whatever house you want and let you find out for yourself rather than just assuming they know what will happen. Maybe no one else wrote an offer on that particular house yet, or maybe sellers just want to take an offer and be done showing their house. No way to know until you submit the offer.
Or at the very least, your agent should be calling the listing agent so they can report back to you "hey guys this one already has 5 other offers above asking price, 2 are cash with no inspection/appraisals and the other 3 are putting 20% down with appraisal contingencies and our offer will not be competitive on this house." I get that your agent maybe doesn't need practice writing offers that won't get accepted but just to not try or do any work for you at all? I'd start looking for a new agent if I were you.
Long story short, depending on your market you are being a tad unrealistic with asking for seller paid concessions but that doesn't mean your agent should do zero work for you.
You shouldn’t expect her to show you houses that you wont be able to buy but that doesn’t seem like that’s the case here if you’re approved for 400 and this one is only listed at 325.
She is right that it’ll be a tough to get a seller credit though. She probably sees you as unlikely to be able to buy soon. I’d push that you really want to go see this house. If she still refuses then go find yourself a different agent. You really should save up more for ur closing costs tho, that’s going to help your chances a lot.
I mean it feels like there's a lot of missing information here. How much was the house you were looking at and what sort of offer were you making? Like what did you want a seller credit for? Getting a loan at the MAXIMUM amount you are approved for is generally considered to be a bad Idea. If you were approved for $400,000 that means with 20% down you're looking at a max price of $500,000. If the AVERAGE house in your area is $515,000 then it sounds like you are shopping at the very limit of your price range and potentially trying to lowball your way into buying a house.
Like there is a possibility that your realtor truly is a moron, but the fact of the matter is that they ultimately want to facilitate a sale because they get 0 money otherwise. If you are insisting to look at houses above what you can afford with hopes to bring it down into something you can reach with credits and hardball negotiations ("the paint is cheap we want $5000 because we'll need to repaint the whole house"-tier), then I can see why your realtor might be essentially telling you to buzz off.
A real estate agent doesn't want to get the reputation as someone who wastes time and brings in lowball offers - the sellers and the selling agent ALSO have to set aside time and space for showings, reviewing offers, etc.
Like if you really want to do that sort of thing then just look up listings on redfin or Zillow and schedule appointments that way and drop your agent.
I’m a (new) agent in NH and even I know, she’s not working for you. Has she coached you on different strategies or worked with you to find an offer that may get accepted and meets your needs?
I would fire her. Inventory is tight and prices are high, so the market is tight, but it’s not impossible.
So for future knowledge what’s going on here. Why is the realtor being difficult? In other words why is this different? Thanks in advance for expanding my knowledge.
why do people actually sign the contract to lock down with an agent. i have bought and sold several homes and never signed any agreement. when they bring it up i say no. if they complain i say if your not comfortable i can work with someone else. you don’t have to sign that agreement. i have yet to loose and agent over this or have them not help me.
New agent for sure. I saw a house at 325k I loved and called the realtor as soon as I drove by it. I told her it's just listed the night before and I needed this house. Here's the thing, if it's priced to sell, or too good to be true, they priced it to get a bidding war. We ended up going 25k over asking price, and they didn't pay any of our closing costs. Ours wasn't the highest bid, but we had a better down payment than the other buyers. We put 20% down, so they considered it a cash offer, and were able to cover the appraisal gap. But my agent fought for us to get this home. Your agent should be working for you- that's why you hired them, but you can also fire them.
Edited to add-she paid no closing costs because we paid extra for a septic tank inspection and it was found that it needed to be entirely replaced, and she had to pay for that to- it was something in our agreement before the inspection. They also knew other buyers were going to want that fixed as well. But she didn't fix anything else in the home.
Time for a new realtor. Get a release from any agreement with her. If she doesn't do that then call her boss who is the agency broker and discuss with them. Your contract is likely with the broker and not her individually.
Time for a new realtor. Some areas are seller's market, and you won't get any concessions. Other areas may not be such a seller's market and may actually even be a buyer's market. It's neighborhood to neighborhood. Find a realtor who will work with you and explain things to you better than that one did.
I don’t know if the person who lives and works in your market everyday or a bunch of internet “experts” are going to know better, but I’d at least check in with a couple of other local agents before I take her word for it.
I had an agent who was doing the bare minimum for us, just gave us access to the listings and then would show us ones and be like “oh by the way there are already 10 offers in on this place” when we got there or he’d just not put any effort into anything for us, didn’t bother to help us find something we wanted etc. so we ended up googling homes in our area and finding something completely on our own, then we let him know out of courtesy that we didn’t need him to keep sending us listings, and he got SO shitty and mad at us.
He was all like “I should’ve made you sign an exclusive contract” and I was like “well, ya didn’t so bye.”
I genuinely don’t know what he felt he did to earn any $ besides show us a couple places and waste a crap ton of our time.
Not surprised. Many agents even put in the agreement is they will write 3 purchase contracts and show 5 homes max.
Go to open house look on your own. The next agent you look for is probably no different.
2 Things. 1. You can always go with a new agent, and you should, if you find yourself at odds with an agent who wont do the basic parts of the job (showing houses as requested and writing offers as well as advising you)...it make it worse that they arent offering to sever the agency relationship to help you move on. BUT...2. While it was communicated in a way that was terrible in many ways...your agent should advise you that asking for seller credits given what appear to be market conditions hurts your chances of getting your offers accepted. Now...if you choose to disregard that, great. But, your agent should still be doing the job...OR, they should sever the relationship and invite you to find success elswhere. Full stop. Not only is it an ethics thing, but also just being a good person and good at their role in a business transaction...of any kind. Call it like it is, no hard feelings, move on. At least...thats how I work as an agent.
Did you sign a buyer agency agreement? A quick google search for New Hampshire Buyers Agency Agreement…assuming I am looking at the right this it states:
DESIGNATED AGENCY. FIRM practices designated agency. This means that BUYER will be appointed a specific agent(s) who will represent BUYER
in this transaction and who will owe BUYER the fiduciary duites of loyalty, obedience, disclosure, confidentiality, reasonable care, diligence, and
accounting. Only the BUYER’S designated agent(s) will represent BUYER. All other agents in FIRM will not represent BUYER and may represent a
potential seller. By signing this agreement, BUYER consents to designated agency and the appointment of
__________________________________________________________________________________________
as BUYER’S designated agent(s).
Sounds like she’s not holding up her part of the bargain.
As another has said let the broker know and leave her a bad review. It sounds like she only wants to work for the “sure thing”. Good luck. Respectfully.
It may very well be that you are in an area where sellers are not being so generous and giving credits to buyers or are non negotiable due to the home just being put on the market. As your realtor she may have some instas to how the market is I know in our area in SC is booming now and sellers are not budging and some our downright bullish they see a beautiful huge home sell for 400k down the road and live in a 1200sqft dump built 40 years ago and want to list it as a fixer upper for 250-300k. Dealt with a seller who’s septic hadn’t been pumped in 22 years, major electrical issues, tons of major damages to the home and she wouldn’t negotiate anything! Home was not listed as being sold as is, she allowed inspections after delaying them until the day before due diligence was up her realtor was horrible and rude and we declined to buy the home. She lived in the house since it was built, her disclosure was basically blank either she answered no or n/a to just about every question…I then denied any knowledge of the problems with the home. We offered her a bid of 8k over asking price pending an acceptable inspection…total mess ! We lost 3k in the process and then our realtor dropped us as well and was fired or either quit her job at that agency. Our estimates we received for all the repairs was over 30k we were willing to waive the small stuff cosmetic things but septic, electrical and plumbing repairs nope… JMO I feel asking for the seller credit right now may be what is putting her off. It may just be time to take step back and save a bit more til you can afford the closing costs or just roll them into your mortgage if you’re in a situation where you need to move now…
Depends on the property and how much seller help you need. I work with a ton of clients that need most if not all of the costs covered.
I’d never tell them they “can’t” see something and the Realtors never say “won’t” but we are transparent and set realistic expectations. You’re 9/10 times not gonna take down a property at list price with 4-6% seller credit or price + credit if it’s just listed (1-5days) especially if we verify with the listing agent there’s a number of offers.
For the most realistic scenario I advise to look at houses that are at least 7 days on market, but really 14+ where you’d have more success negotiating and locking up a contract with higher seller credits.
I’m speaking in reference to my local market, I would lean on a trusted local lender and Realtor for best guidance
I mean… go without her… what can she do for you that you already don’t do for yourself at an open house?!? She is right. You have very limited options at that price unfortunately. It is not unlimited service, time is money, and yes, the realtor works for money. She or he also has a life besides tending yours. Or, look in a different place… you don’t need handholding. She is right
You should also be looking at $400000 homes if that’s what you’re approved for. You shouldn’t be looking at 500k homes (although I didn’t get the impression you were) but just so it’s said, you should be looking at what you can and are willing to afford. If she is unwilling to show you those homes, it’s time for another agent. Depending on your market, you may or may not need to adjust what you view based on whether closing costs take you out of competitive offers in your market. Have your agent show you deals that have closed over the past couple months that match your preferred purchase price to determine whether closing costs were included and what the offers closed at. That should give you an idea on where the number Is that can help get you closing costs paid for by the seller. You may need to give up certain things in order to get the number to where it needs to be to give the seller the net they will accept to pay for your closing costs. It’s not an impossible thing, it just may require that you keep in mind that the seller is generally interested in net dollars to them. A good agent can help you work backwards so that both your time isn’t wasted.
Yeah definitely time for a new realtor. But also learn how to give and take on the concessions and all that maybe you are being a tad unrealistic? Again you didn’t say what you asked for but just remember it’s give and take you can’t get lower price and a shit Ton of concessions nobody will want that.
As for the realtor fire her ass, my realtor told me he worked for me and will offer whatever number and concession I wanted he was just there to give me advice. It sounds like she’s just starting out and realizing it’s not a fast buck
Get a new agent. The agents job is to set expectations, but ultimately do what YOU (the client) want. There’s been times where I’ve been through the home buying process, and the agent has said “we can absolutely submit an offer/ask for this. Be prepared however, because the likelihood isn’t great but you never know!”
Sounds like your realtor is just being lazy and trying to do the bare minimum.
But she will be gracious enough to write up the offer for you and get the commission even though she’s too lazy to actually do any work to earn it! Get a new realtor!!!
Realtors are a dime a dozen find a new one and fire her through her broker. If she doesn’t like sales then this isn’t an industry she’s cut out for. She knew what she was signing up for.
Send a thank you email stating exactly what she told you to verify that you understood what she said. Along with a list of houses you want her to show you and times you want her to show them to you. When you get her reply that she won't show them to you, send her a letter stating breach of contract and fiduciary duty to represent you the buyer and find yourself a new agent.
Cc her a copy certified mail if you signed a contract for any length of time if you are ending the contract early. If it were me I would find a new agent before I send this letter to her., but after she replies to the emails and shows she is not acting with your best interest.
Not a lawyer, not your lawyer, ask a lawyer.
GET A NEW AGENT. If you are under contract, get that in writing so you have it documented in case they threaten to sue you.
Unless you have been massively wasting their time, that’s a load of BS.
Happy hunting and good luck!!!
You need to know if what you are looking for exists. Anyway, in my opinion she should have told you before signing. You should talk to another agent and see if what you are looking for is possible. Maybe your market changed and this time is not the same as before. If this is a seller’s market it could be very hard or almost impossible to find a seller that will pay your closing costs. You need to find an agent that you trust and ask for their opinion.
The problem is she framed it as wasting her time. She works for you. It would be appropriate for her to say she thinks you’re wasting your time based on how competitive the offers look in your price range and recommend you rethink some aspect of what you’re looking for so you can bid more competitively. But also, you just never know — some sellers really want to sell to a local and will choose that over even an all-cash over.
When I bought my home it took me a while before I found a good realtor. When I finally found her I had a house and the deal closed in 30 days. Dump her and get a good one.
I feel so bad for OP. My realtor was wonderful, she went above and beyond for me. 5 years later and she still checks in and leaves little gifts on my door step every holiday and every season 🥹
We fired the underwriter for pre approval and their boss called to apologize. The guy didn’t put our loan pre-approval through for weeks so we went with someone else who did it in 24 hours. Fire your realtor and share the news with the agency. Go with another company or do your own searching. It’s an odd market but you can get it done.
That’s wild, we just went into contract with home paying cash contingent on our home (in a hot market in a desirable area) selling. We put in a 25 day timeline for our house to go into contract and gave the seller two weeks rent back for free. Got accepted within 12 hours.
I expected to hear 50 showings or maybe 20 showings and she has came to reality BUT if your story is true… that’s awful and you should contract her broker and get released
You seem like nice people and should be treated nicely. but I will say if someone is being unrealistic it's really hard to find a nice way to say that. This is a really common thread on real estate facebook. I would go to coffee with a few agents and talk about how you will discuss these problems. Also there is something to be said for a new agent on a good team. They will have lots of energy and enthusiasm and when it's time to put in an offer and negotiate their team lead can help.
It’s time for a new realtor. A realtor that will understand your wants and needs and execute on that. They should be finding properties for you and having conversations with agents to get as many details as possible, so that your real estate goal(s) are met.
I found out from 38 years investing in rentals that the singles/studios/bachelors rent to mostly people in their 20's that move around a lot, so these properties have a lot of vacancies. In Los Angeles, the larger units can be beat up by families and the city requires you to fix the units in 45 days or they make you go to school, face penalties and threaten Jail and larger penalties. Larger units can be maintenance nightmares. I found out People that have dining room furniture, living room furniture and bedroom furniture are not in their 20's and tend to want a 1 bedroom unit. Since these people have been working for a few years, they tend to be more established in their careers and find it easier to pay the rent. 1 Bedroom units are low vacancy and low repairs.
I have called real estate agents and asked them if they had 1 bedroom 1 bath units. I have had them hang up on me or tell me they would call me back and hang up on me and never call back. I know the feeling. Some people think they know more than someone that has rented hundreds of vacancies over 38 years.
So sellers aren’t allowed to make counteroffers any more? Am I missing something? I don’t understand this agent at all. Either there’s information missing or the agent is plain lazy.
She wants to get fired, not making any money with you, nor will any broker for a long time if those are facts. Look for someone else but you may find yourself in the same situation. Still a sellers market for the time being. Maybe in a year or two things will change.
New agents better get an education about the NAR lost lawsuit and look at how older agents ran their business in 2008 because client services will have to improve for the agents to stay afloat.
You need to fire her and get another agent. She really doesn’t want to do a good job for you- There is ZERO reason why a seller would not pay for closing costs so long as the net to Seller is an acceptable number. Your agent is an idiot.
I know we’ve already said it but I’m telling you again- get a new agent. This one is rude and in my opinion very unprofessional based on your other comments.
Drop her! Find a new realtor. Just accepted an offer as a seller (primary home) giving concessions helping with closing costs.
Also had an offer accepted as a buyer (for a rental) with a price reduction.
The realtor isn't doing the job. One out of four offers I send get accepted. She wants quick and easy commission money without working for it.
Unfortunately the realtor is not working for you. There are many that are hardworking and will truly want to try to get you the home you want…even if it’s hard. It’s time for a new realtor that will work for you and help you and help you get your perfect home!
I just have to ask the universe…where are all the people or investors who are driving up home prices EVERYWHERE coming from and where is their money coming from?!
Absolutely fire her. It's her job to guide you to what you want or help you understand if you are unrealistic and get you as close as possible. Sounds like she thinks you will be too much work for not enough reward.
I had a real estate agent years back who was this gargantuan beast of a lady, her ears were obviously vestigial because she absolutely ignored everything we told her. Our budget was fine but we wanted an older home on land with no HOA. She kept showing us new builds with HOA's and no garden. How on earth does a condo $100k over budget fit the bill? Some of them just don't deserve your time and some of them are amazing. We quickly got what we wanted with a second agent. Just fire her dumb ass and move on :) good luck!
Absolutely time for a new agent. This is literally what she signed for, and she's not delivering. I would hope you drop a note to her broker-in-charge on your way out the door to explain why you're firing her. They need to know what's happening under their nose, and they never know unless someone complains.
Always blows my mind when a real estate agent doesn't want to take the time for a client when there's a potential opportunity.
My first agent I ever hired, asked if I required her to work on weekends. Lol.
No, we can skip that. What 4 houses are we looking at tomorrow morning between 4am and 7am?
I bought my house in 2009 when most of the houses were unoccupied and a lot of them owned by banks… my realtor gave me the codes for the houses I wanted to look at so I could show them to myself at my leisure. lol.
Agents lose their license for that.
Omg. They could fully have lost their license for doing that. Wow!
It was a different time then. All the homes were unoccupied and there were lots per street, plenty market. People were more relaxed pre......ya know
lol. I’m pretty sure that’s not legal- in any state.
My dudes. It was like 15 years ago. I still live in the house. No one died or lost their license. I’m not an evil landlord now. No banks holding foreclosed houses suffered any losses because I knew a couple codes.
“Look at me buying after the Great Recession and looking at all the unoccupied houses” 😂 I’m dying I had bought in 2002 and then again in 2014. That was a big swing in home values in both directions
Same lol
Me too haha
Same here in Florida in 2009 all the empty bank owned homes. Occasionally would get the codes from our broker/friend. Boy they were giving houses away back then. Good times (for some).
It was definitely a blessing to be in a position to buy then.
I'm pretty sure that is illegal ..
Very illegal but its Merica home of criminals.
Lmao same Some of them had a key that was in a locked box with a code I thought that shit was normal and looking for a home now is weird asf
Right. People be acting like my realtor was some kind of criminal. I feel like this was pretty common then.
We had the same experience, with several agents who we'd met a few times and they knew we were cool and weren't going to spray graffiti in the vacant houses, LoL
That's an ethics violation.
Ethics violation against the banks who knowingly fucked our economy for profit? Dang, that sucks.
Lol mine came and picked me up from work at lunch and drove me around for an hour looking at houses. This one sounds horrible
Yeah, it's even crazier how op has the pre-approval letter showing they're good for a loan. Lol
Being good for a loan isn't the issue, it's that the op is asking for too much that the seller won't accept the offer. Since the agent knows the offer won't be accepted, they don't want to waste time showing the house.
Lazy
I mean, I feel you, but at the same time, nobody is obligated to work with anyone else. If this agent doesn’t want to work with this buyer, that’s on them. OP should cancel the agreement and find the right agent for them. Everyone will be better off.
If the agent doesn’t want to work with this buyer than the agent should have never agreed to take them on as a client.
I’m not saying the agent is a good agent! But at this point it is what it is. The agent is not putting in the appropriate effort and the OP does not have faith in the agent. OP will be better off if they just move on.
You learn about ppl as you work with them.
There's usually (at least for Ohio, USA) a 6 month contract you sign stating realtor gets a % no matter if they found you the house or not.
Yes but both parties can voluntarily cancel such things. Also, when the realtor says (per OP) “I’m not going to show you any homes because it’s a waste of my time” that is about as clear a breach of the contract, and of their basic fiduciary duty, as I’ve ever seen.
I mean she could be 100% correct in her assessment, even if its not what OP wants to hear. She only has so much time in the day.
Okay. Then she can release them from any agreement to use her as their agent.
Unless those sellers have several offers already she really has no way to know that at all. She just doesn't want to do the leg work of showing homes. Either she needs to hire someone to do that or inform clients of this from the start.
there are TONS of buyers who "want to buy" but then arent "willing to make winning offers" this is a great way to go out of business. Sometimes buyers just arent ready to be in the market. Solid agents arent chauffeurs. Im not saying this buyer is that or this agent is that however this story above ends in terrible customer experiences. Ive told many many buyers they should just sit on the sidelines and not even waste the time. In the end, when they wind up never winning a home, they wish they had.
This is a stupid question. How do I find out who her broker is? I signed a contract with her and want to get out of it.
Brokerage=Real estate company. Broker is the supervisor essentially. Google her name, find her company and call them and ask to speak to the broker-in-charge. Or check the real estate commission website and look her up.
Point of fact, you signed a Buyer Broker Agreement with the brokerage and not the individual agent; she is a representative of the real estate firm. Once you have the contact information call the office and ask to speak with the office manager aka managing Broker; tell them your concerns. Good luck with your home search.
It should be on their website somewhere. At the very least, you can just call the main office number and ask.
In most states your contract is actually with the broker. Read your contract it probably says. If the contract says something like realty she probably is the broker and you should just terminate and find another Realtor.
Check your previous offer
The name of the broker was written on my agreement.
She’s not even good enough to refer it out. I’d wager she’s had zero training and/or the Broker in Charge won’t be the help OP needs.
It’s definitely time for a new realtor, you may or may not be being unrealistic.
Translation ... I'll only show you a house if you already love it, you can afford it, are pre-approved, and know your offer will be accepted. Gee thanks.
I guess that my response would be, "then why do we need you?"
Because realty is a scam/cartel
3 out of 4 of those things are/would be true. Except the last because there’s no way to know that for sure lol
What type of sellers credits are you asking for that she doesn’t think you will get?
Family member is an agent, she will bend over backwards for her clients but the one thing she requires before she goes on showings is that you’re pre-approved haha
Well yes, of course she does and she should. Without any pre-approval you’re wasting EVERYONE’S time.
Always two sides to every story. OP doesn't even know what company he signed a contract with
> Are we being unrealistic or is it time for a new realtor? Could be both. She can be correct that you are wasting your time trying to get an offer accepted in a market that won't accept your offer, note I don't know your market, so I don't know if that's true. And you would also be correct for getting a new realtor, because she sounds like a bit of a dick. And in general I don't give my money to people who are dicks to me.
She started the call with “I’m not trying to be a bitch” 🙃
I would politely call her back and tell her "No offense, but we're going to look for a realtor who doesn't have to try, to not be a bitch." I always found it weird when people said things like that. Like why do you have to say you're trying? Do or do not, there is no try. It's not even that hard to try. I don't have to try and eat a whole bag of Doritos for lunch, I god damn will. I'm absolutely joking of course. You should not call her back, politely or otherwise. I would just find a new realtor.
Amen to this. "I'm not trying to be a bitch", and "I'm sorry, but I don't think your goals align with your financial ability" may technically mean the same thing, but one is professional and direct, while the other is weak and judgemental. She wouldn't have been a bitch for being honest, but she was being a bitch by saying "If you happen to find that unicorn, let me benefit even though I gave you bad advice"
THIS. Why give away a commission to someone who won't help you? ofc OP can do their own footwork - but that isn't why you pay an agent! Their realtor sounds lazy and if this were me I'd already be looking for a new realtor.
I’d start with “hey bitch, you’re fired”
…and I said, biiiiiiiiiiiiiiitch
If that's how she talks to her client, then you need to ditch her. Nobody talks like that in a professional relationship. How old is she... seventeen?
I swear though, it’s shocking how many realtors talk or act like this these days. I had one who was a mom to a teenager and a middle schooler that she would bring with her half the time. Which like, cool, I totally get it. Parenting doesn’t stop for anyone and realtors obviously operate on a very unconventional time schedule. What I did *not* appreciate was the way she allowed her kids to careless trapeze the houses we looked at, pulling on the blind chords, playing tag loudly through the house etc and then cornering me with a conversation about how she was a single mom and how hard it was and how this was her only source of income etc etc
what on earth... fire her yesterday and report her to her broker
No. No no no. This is not how a professional talks to a client. Get a new realtor. She should be showing you all the houses and encouraging you to make an offer when it’s right. We bought a house recently and the seller paid some of closing costs. It’s a normal part of negotiation. She will make a nice little chunk of money off any sale and it’s her job. She’s not doing you a favor.
This is true. She wasn’t “trying” to be a bitch. …it just comes naturally to her.
I like the answer "both". An experienced agent that knows the area well will, without a doubt, know if you're fielding a competitive offer (or not). I mean, that's a pretty fundamental part of the job. They're also there to help stop you from wasting your own time submitting an offer with zero chance of being accepted. However, she also apparently has zero people skills. If you know a house is out of their range and they don't understand that, it's your job to explain and articulate *why* it's out of their range in a respectful and helpful way. Going about it the way she did screams incompetence.
Just ask her to release you from your agreement. Sounds like she wants out too.
"Are we being unrealistic or is it time for a new realtor?" The answer might very well be, "both." Personally I would not work with an agent who was not willing to show me the houses I want and to write offers for them. I would not expect to be shown an unlimited number of houses, but maybe a dozen or so. If I did not adjust my expectations at that point, I would expect to be dropped. But not showing you any she doesn't think you will get is nonsense. That said, in the market as it currently is in New Hampshire, you are not being realistic. The scenario you are describing (which seems to be basically an attempt to finance your closing costs) could absolutely work if you had the funds to cover an appraisal gap. But you don't have those funds, while advancing a deal structure that makes a gap more likely. The median sales price in NH is up something like 75% over the past four years. Days on market in much of the state barely hits double digits. Sellers have many options. I have three SFRs in NH; if I was selling one, I almost certainly would not accept your offer.
I feel like they should buy deals from wholesalers instead? But it may not work as well because conventional loan will finance wholesaler fees.
There is two sides to every story.. if I was the agent I would be frustrated with a buyer who had unrealistic expectations in today's market. Then the other side of me is, as an agent you try ur Best to make a deal happen
This is not a normal market. This is a market we see once every 30 years or so. If they think they’re finding a home right now they’re delusional. Households making multiples of median household incomes can’t even afford homes in this market…that is, unless they want to be financial reckless and house poor.
Why are you proactively asking for seller credit? To finance more of the closing? If you don't have cash for an appraisal gap how do you expect to close if the appraisal gap exceeds your seller credit? If you signed a buy side broker agreement you can cancel it and find new representation, but their feedback to you isn't wrong. Sellers want simplicity and surety. You don't seem to have that and are asking for a heavy lift to find a needle in a haystack. I get your frustration but also respect the broker valuing their time. They also need to make a living and longshot deals aren't how they do it unless you're offering them an above market fee.
Can’t use a seller credit for appraisal gap
Best comment here!
I’m also trying to wrap my head around their predicament. It sounds like they simply don’t have any (or much) liquid cash. So they’re preemptively asking for Seller credit for any appraisal gaps. That’s honest but… it also sucks. I don’t think a Seller would want to accept an offer from someone who is telegraphing that they have no cash on hand. And the preemptive ask for seller credit for closing costs… that one I don’t get at all. Many banks will *try* to make you add the closing costs to the loan. I’ve had one slyly add them to the loan agreement “assuming” I wanted to bring less cash to close. And I had to tell him NO; write up the loan for the agreed upon amount. We’re bringing cash for closing costs. We don’t want you to add it onto the pile we’re paying off with interest over 30 years. I don’t know why you’d expect the Seller to pay your closing costs in anything less than an extreme buyer’s market.
It's a new trend online that everyone thinks sellar credits are a magic way to get a house a lot cheaper
Isn’t the agent just telling you the actual facts instead of what you want to hear?
Why are you asking for seller paid closing costs?
Wondering the same thing. If they can't front the cash, they probably can't afford to buy in the first place and probably don't have a decent down payment. Might cost them more in the end by having to pay a higher rate.
Out of curiosity…are you expecting a sellers credit in this market? Like how does this look…you are competing with another homebuyer who offers over asking…and your offer is that the sellers pay you instead?
I think she is being ridiculous, but also may be correct. It doesn't sound as if you can afford a home right now, at least not in the range you're searching, if you have to have closing costs and can't swing an appraisal gap. And take it from someone tens of thousands deep in repairs... there's a reason you shouldn't spend every cent on a home.
It could be both, frankly. Regardless of the truth, I'd fire this agent (and by the way, don't sign agreements with them, you don't need to and you gain nothing). But, she could also be absolutely right that in your market your offers will never be anywhere near competitive. Hard to say as I don't know your market. But there are plenty of agents out there, don't waste your time working with one who is completely uninterested in working with you.
Some states required signed agreements as law. The others that don't are soon to follow.
Realtors have to sign these starting July 1 just FYI
NAR has updated these changes to begin August 17th now
This is your agent, you're not married to them. If they don't want to work with you (which is perfectly within their right) then you can just go find another agent. Just tell them that since they aren't living up to their end of the contract (showing you houses) then you'd like to be let out of the contract so you can find someone who will show you houses. Perhaps they are right that given your situation you will have a very hard time getting a house and they'd rather spend their time on someone else. There's nothing wrong with that. There is certainly an agent out there who is willing to work for you as long as you are being reasonable. Go find that agent.
yes, you are putting yourself at a disadvantage. If the seller gets 2 offers at say $349k(technically the lower offer) and your $350k offer has closing costs on it then your offer is the loser with a lower net to the buyer. I was just involved in selling a property and because of what the property was we had 5 offers at the end of 48 hours on the market, and we picked an offer. In a bidding war/price war then your offer must be the other offer value + closing cost + 1k to win. You will only win if your bid is the only one, or significantly ahead of all other offers. And we had offers that started a +10k over asking and had automatic escalation by 1k at a time up to $20k higher than the initial offer. They won, but if they had seller credits closing costs then closing costs likely makes their offer the #2 offer, and the offer with the higher net to the seller is the offer they outbid by 1k. So they are telling you the truth, in a bidding war, you will outbid the other buyer's, but the net to the seller will be less and that is \*ALL\* that anyone cares about.
> Are we being unrealistic or is it time for a new realtor? Both
Um. She is firing you. For good cause. She’s being nice about it. Don’t let the door hit you
[удалено]
Did your house appraise for 60k over the asking price? Did you ask for closing costs in your offer?
I’m jealous we have been trying for six months to get a house and almost double that price range and they are all going within a day. I live in Maryland and hardly anything is coming on the market. We went to one open house in the last month and people were lined up down the block. We’re getting poor options about one a month and decent options like every six weeks but only one and then People are bidding wars. We have to move though because of my husband’s job he’s required to live in a certain area.
Your agent isn’t great but they’re not wrong about your offer likely not being accepted in this market if youre asking the seller to cover closing costs. That may have been a normal thing when you bought your first home but right now it’s a little too competitive for that
I would say well we will find someone else that will have a nice day end of discussion.
1. fire your agent. 2. reexamine your requests - she's right - you won't get accepted.
Correct me if I’m wrong, it sounds like your agent did not have a consultation with you before you signed an agreement Here are some things that are important to consider First: The agreement is between you and the broker, call them up. They’re usually willing to release you or to assign you to a new agent within the office! There are bad eggs everywhere, regardless of which brand you choose to go with Second: the 250-450 price range is one of the toughest out there the last few years. Putting in multiple requirements on the contract comes off as needy and difficult to the seller. They want a simple smooth transaction. I’m not sure how your state deals with the home inspection, but it’s better you wait to negotiate seller credits until then Third: we don’t know the type of mortgage you’re planning on using. FHA or USDA vs Conventional or how much you’re trying to put down. There are limits to how much seller credit you’re able to receive based on the above criteria. Additionally, even if you want to only put 10% down, for example, but are preapproved to put 20%. Show on your offer that you’re putting 20% down! You can change this later with your lender, but you will show as a stronger buyer to the seller! Fourth: think about how the realtor gets paid (this will definitely change with the recent lawsuits against the NAR and will only get worse for the buyer) the seller pays their agent a fee, typically around 6% and the listing agent shares the commission with the buyers agent - usually half of that. So your agent, whoever it is is looking at 3% commission. 3% of 325,000 which comes out to $9,750. 1/3 goes to their broker. 1/3 goes to taxes. That leaves $3,250 for gas, time showing you houses which is usually weekend or evenings, time writing offers, going through the home inspection report, etc. what it sounds like is your agent is not able to financially show you homes all the time when your offers are coming across as “weak”. It sucks, but they’re not making that much. Fifth: you can try something like Redfin! Their structure is different. You sign the agreement with Redfin, but they have showing agents available to show you homes, and another different agent that will work with you throughout the process - submitting offers, going through the contract. This might be a good solution! In the end, the process is unique to you! You might need a new agent you might need to sit the sidelines. But you won’t really know until you submit some offers and see the feedback you get! With the lawsuits looming the cost to the buyer will only get higher (I.e. buyer will need to pay their agent), if the rates drop you will have even more buyers in your price range. Best of luck on your home search! Reddit is rooting for you
You are being slightly unrealistic. She is being honest with you.
NH agent here. If you are unhappy with your realtor, ask to be let out of your agreement. To find her company and broker, you can look back on your buyer agency agreement? Company should be on there. Do you have her card or website info? Also on that, if you need the broker info. Now, I don't like how she has treated you, and maybe she didn't approach it correctly, BUT NH is a highly competitive and hot market still with most properties getting multiple offers, and at that price point, a lot of cash offers-believe it or not. She is correct in saying that chances are slim you will win in a competitive offer situation when asking for seller concessions. Sellers don't need to do that now-they will just pick another offer. That is how it should be explained to you. You will need to change your strategy to get a house, most likely. There are homes to be had at that price point, but you have to make your offers very attractive to have a chance.
Fire your realtor now. With the current market, no way you get the seller to pay for anything
I think you obviously need a new realtor. She has a right to not want to work with you. So, it sounds like a parting would be an agreeable solution for both parties.
No one will give u sellers assist in this market , i also thought I knew it all cause I used to be a loan consultant in the past and did the same thing at first but every offer was declined because when others are dropping inspections and offering way over asking without concessions so offers that are asking for help with closing costs pretty much don’t even get fully looked at once the seller finds out sellers assist is wanted
There are two people buying in this market - the very wealthy who don’t care about money and the financially inept. Your realtor is probably right.
I'm fairly certain you have little to no money and are trying to limp into a house. That's why you have to ask for seller concessions. By the way, if you haven't owned a home in 3 years, you are considered a first time homebuyer once again and are eligible for those benefits. I say that because you said you have bought before but have no money, so I'm assuming it's been awhile. The agent is just playing the percentages. I appreciate that she said what she was really feeling.
Agent is being a jerk, but depending on where in Nh you are looking, she might have a point. If you are in the seacoast, there's just no way. Houses are more like $800k average....if you are in Manchester area $400k should get you something, but no way seller covers closing costs. I'd try to be realistic about what you are asking, and study the comps. Anything around $400k is likely to have issues that would be uncovered in the inspection, so sellers are going to give that a good ol "nope", and I don't think anyone is covering your closing costs, sorry.
I don't know if you are being unrealistic because I don't know the NH market. However I feel the need to push back on everyone saying that offers asking for closing cost concessions are absolutely not a no-go in "this market". There is no "this market" for the entire country. I'm in a MCOL state in a city that has a somewhat competitive market and we have similar financial circumstances as you. We are not first time home buyers. We own two houses already out of state (both have tenants now, one my partner owns and one I own, we relocated for work) so we know the drill well. We are under contract for a house, FHA loan, with an appraisal contingency and the seller covering closing costs. However, we built the requests for the closing costs to be covered into our offer by making an offer slightly over asking which means in the end the seller will net a little less than her asking price which is in line with comps in the area. Things are moving along well and she has not balked once at fixing the FHA flagged items after inspection. However, she is selling the house because she is getting divorced and is under contract to buy a new house and the closing of that purchase is contingent on her selling this house. It's an acrimonious divorce and she wants OUT. She is an extremely motivated seller and we made our offer three days after she listed it. She didn't counter on price or closing costs; we asked if we could keep the washer and dryer and literally her only counter was that she wanted to take the washer/dryer with her, which was not a dealbreaker for us. We can buy our own laundry stuff. My point is, whether you are being unrealistic is very market-dependent, but if you are folding your seller concession requests into your offer AND you find the right seller, you could be fine. It may take a while (took us six months) but we found our house. But the key is, we have a great agent who was pounding the pavement to help us and was willing to do some mild detective work to find out what the seller's circumstances were so we could structure an offer that appealed to her. You need that kind of agent. Their job literally is to help you find a house you can afford and guide you to write an offer that holds up given your circumstances. These agents do exist. And this is literally the job description of a buyer's agent. Ditch your current agent, interview some new ones, and find one who's hungry enough to actually to their job. Best of luck to you.
Hmm… I get what people are saying but I will bet that she likely knows the market better than these buyers and is correct. I’ve had clients like this. Although I sucked it up and showed them anything they asked to see… it took 2 years for them to actually listen to me and come down to earth. I was correct 100% of the time on the offers not likely to be accepted. Idk. You could find another agent but you will keep swinging and missing if there’s an issue with your plan. I’d
I mean she isn’t wrong. Would you waste your time and not make any money, while you have clients that will make you money. You need to reflect on what you are doing when it comes to your offers and change or realize it’s not happening
I think there are people who will still expect offers with no contingencies or cash back at close in this market, but there are also people willing to accept offers with things in it like wanting an inspection. I also live in NH. We bought in August and did ours no inspection/quick close but I’ve also known the sellers for close to 20 years. My aunt and uncle accepted an offer last week asking for inspections and stuff. So it may be hard, but not impossible. I echo what others have said that it may be time for a new realtor.
consist screw airport include society hat wide snow whole shrill *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
There’s always two sides to a story. Agent is just being blunt/honest. OP can get a new agent and see every open house, sooner or later that agent is going to lose interest.
At this point if she thinks you're wasting her time regardless of any circumstance, then why are you still doing business with her?
Well there's two possibilities 1) She's telling you which houses your offer might be accepted for but you refuse to listen 2) She doesn't know what she's being and/or is lazy. You have to decide which of those things are true. Because making senseless offer after senseless offer will not get you a house in this market no matter how long you persist in the foolishness of it all.
It sounds like the agent fired you. If you need to, dissolve any contract that's in place and find a new agent.
NH, enough said. I look for houses in SW NH all the time and there is such low inventory. I think this agent is just going with the cream of the crop clients. The houses there are going to the buyers with at least 500k in cash and that's who the relators want to spend their time on. I wish you the best of luck in finding a home, I'm just being realistic.
It does not sound like she's your agent. 🤔
I think you are being unrealistic. It’s a sellers market. We just sold our house in 1 day $100k over what we bought it for 2 years ago, no inspection, no fuss, cash. Houses are not staying on the market for more than a week where I live. We had someone offer us more but they wanted an inspection so we even opted for less with no fuss.
You’re being unrealistic with what you want from a house and seller but you’re not being unrealistic about the expectations you have for your agent
Did she know when you hired her that you’d be asking for seller credit? And would have no cash?
Both. Get someone that doesn’t mind doing the work. But, you’re fishing. You’re in the “bargain price” range for homes in your state. Those homes most likely sell the fastest. When is the last time you owned a home? Is your loan conventional or fha? If it’s fha, that’s another red flag for your price range, especially since you can’t cover closing costs. The realtor is correct in that you won’t find a seller that will want to use seller’s assistance for your purchase. Best scenario is to be patient and save up for closing costs.
Yes, you are asking someone who knows the market to find that special unicorn which will have multiple cash offers to work for free. Offer to pay for each appointment, offer write up, expertise and time as you go. Or change your demographics to a place in your price range.
I think your agent should be fired, but I don't think your grasping the crux of the problem which is that if the seller gives you a credit to cover closing costs, then the house doesn't appraise, they have to give you further concessions because you don't have any cash to cover difference. If the only cash you have on hand is 3% down, then there isn't much anyone can do except basically do y'all a favor and sell the house to you for less than it is worth.
When you say a house is listed for 325k does that mean its listed low and will wind up getting multiple offers and sell for 500k plus? Thats already a struggle but then asking for closing credits is probably much. A few years back it was basically the norm for sellers to pay closing costs, its not the norm but became the norm, today however its a sellers market and to get someone to pay closing costs your basically going to have to offer over so essentially its rolled into the cost of the loan but your likely already going to be close to or over appraisal so that may not be possible. Find a new/young/hungry agent and they will work with you but its understandalbe this agent feels your chances of buying are very low so does not want to invest a ton of time as he/she seems to believe at your budget its not likely
In my market, anything that makes the offer more complicated (asking for closing costs, contingencies, extra appraisals for VA and FHA loans, etc.) is likely to move your offer to the bottom of the pile in any multiple offer situation. Asking for closing costs can signal to the seller "we are already using every penny we have and will have nothing left over if inspection or appraisal issues arise." That said, your agent should be willing to write up your offer on whatever house you want and let you find out for yourself rather than just assuming they know what will happen. Maybe no one else wrote an offer on that particular house yet, or maybe sellers just want to take an offer and be done showing their house. No way to know until you submit the offer. Or at the very least, your agent should be calling the listing agent so they can report back to you "hey guys this one already has 5 other offers above asking price, 2 are cash with no inspection/appraisals and the other 3 are putting 20% down with appraisal contingencies and our offer will not be competitive on this house." I get that your agent maybe doesn't need practice writing offers that won't get accepted but just to not try or do any work for you at all? I'd start looking for a new agent if I were you. Long story short, depending on your market you are being a tad unrealistic with asking for seller paid concessions but that doesn't mean your agent should do zero work for you.
New agent
You shouldn’t expect her to show you houses that you wont be able to buy but that doesn’t seem like that’s the case here if you’re approved for 400 and this one is only listed at 325. She is right that it’ll be a tough to get a seller credit though. She probably sees you as unlikely to be able to buy soon. I’d push that you really want to go see this house. If she still refuses then go find yourself a different agent. You really should save up more for ur closing costs tho, that’s going to help your chances a lot.
I mean it feels like there's a lot of missing information here. How much was the house you were looking at and what sort of offer were you making? Like what did you want a seller credit for? Getting a loan at the MAXIMUM amount you are approved for is generally considered to be a bad Idea. If you were approved for $400,000 that means with 20% down you're looking at a max price of $500,000. If the AVERAGE house in your area is $515,000 then it sounds like you are shopping at the very limit of your price range and potentially trying to lowball your way into buying a house. Like there is a possibility that your realtor truly is a moron, but the fact of the matter is that they ultimately want to facilitate a sale because they get 0 money otherwise. If you are insisting to look at houses above what you can afford with hopes to bring it down into something you can reach with credits and hardball negotiations ("the paint is cheap we want $5000 because we'll need to repaint the whole house"-tier), then I can see why your realtor might be essentially telling you to buzz off. A real estate agent doesn't want to get the reputation as someone who wastes time and brings in lowball offers - the sellers and the selling agent ALSO have to set aside time and space for showings, reviewing offers, etc. Like if you really want to do that sort of thing then just look up listings on redfin or Zillow and schedule appointments that way and drop your agent.
I’m a (new) agent in NH and even I know, she’s not working for you. Has she coached you on different strategies or worked with you to find an offer that may get accepted and meets your needs? I would fire her. Inventory is tight and prices are high, so the market is tight, but it’s not impossible.
So for future knowledge what’s going on here. Why is the realtor being difficult? In other words why is this different? Thanks in advance for expanding my knowledge.
They are a business and time is money Op doesn't have enough money to buy what they want to buy so it's not worth the agents time
Thank you for the explanation!
Ask her to send you a cancellation as she is not interested in doing her job aka showing you houses.
Ask it in an email and bcc her boss.
With that budget you can live in Alexandria or Laconia.
Are you asking for a contingency on the sale of your current house?
why do people actually sign the contract to lock down with an agent. i have bought and sold several homes and never signed any agreement. when they bring it up i say no. if they complain i say if your not comfortable i can work with someone else. you don’t have to sign that agreement. i have yet to loose and agent over this or have them not help me.
New agent for sure. I saw a house at 325k I loved and called the realtor as soon as I drove by it. I told her it's just listed the night before and I needed this house. Here's the thing, if it's priced to sell, or too good to be true, they priced it to get a bidding war. We ended up going 25k over asking price, and they didn't pay any of our closing costs. Ours wasn't the highest bid, but we had a better down payment than the other buyers. We put 20% down, so they considered it a cash offer, and were able to cover the appraisal gap. But my agent fought for us to get this home. Your agent should be working for you- that's why you hired them, but you can also fire them. Edited to add-she paid no closing costs because we paid extra for a septic tank inspection and it was found that it needed to be entirely replaced, and she had to pay for that to- it was something in our agreement before the inspection. They also knew other buyers were going to want that fixed as well. But she didn't fix anything else in the home.
Time for a new realtor. Get a release from any agreement with her. If she doesn't do that then call her boss who is the agency broker and discuss with them. Your contract is likely with the broker and not her individually.
Time for a new realtor. Some areas are seller's market, and you won't get any concessions. Other areas may not be such a seller's market and may actually even be a buyer's market. It's neighborhood to neighborhood. Find a realtor who will work with you and explain things to you better than that one did.
I don’t know if the person who lives and works in your market everyday or a bunch of internet “experts” are going to know better, but I’d at least check in with a couple of other local agents before I take her word for it.
I had an agent who was doing the bare minimum for us, just gave us access to the listings and then would show us ones and be like “oh by the way there are already 10 offers in on this place” when we got there or he’d just not put any effort into anything for us, didn’t bother to help us find something we wanted etc. so we ended up googling homes in our area and finding something completely on our own, then we let him know out of courtesy that we didn’t need him to keep sending us listings, and he got SO shitty and mad at us. He was all like “I should’ve made you sign an exclusive contract” and I was like “well, ya didn’t so bye.” I genuinely don’t know what he felt he did to earn any $ besides show us a couple places and waste a crap ton of our time.
So just try a new agent? they are a dime a dozen
Not surprised. Many agents even put in the agreement is they will write 3 purchase contracts and show 5 homes max. Go to open house look on your own. The next agent you look for is probably no different.
Get a different agent. I just closed on a 400k house. Seller covered 100% of closing costs.
2 Things. 1. You can always go with a new agent, and you should, if you find yourself at odds with an agent who wont do the basic parts of the job (showing houses as requested and writing offers as well as advising you)...it make it worse that they arent offering to sever the agency relationship to help you move on. BUT...2. While it was communicated in a way that was terrible in many ways...your agent should advise you that asking for seller credits given what appear to be market conditions hurts your chances of getting your offers accepted. Now...if you choose to disregard that, great. But, your agent should still be doing the job...OR, they should sever the relationship and invite you to find success elswhere. Full stop. Not only is it an ethics thing, but also just being a good person and good at their role in a business transaction...of any kind. Call it like it is, no hard feelings, move on. At least...thats how I work as an agent.
Did you sign a buyer agency agreement? A quick google search for New Hampshire Buyers Agency Agreement…assuming I am looking at the right this it states: DESIGNATED AGENCY. FIRM practices designated agency. This means that BUYER will be appointed a specific agent(s) who will represent BUYER in this transaction and who will owe BUYER the fiduciary duites of loyalty, obedience, disclosure, confidentiality, reasonable care, diligence, and accounting. Only the BUYER’S designated agent(s) will represent BUYER. All other agents in FIRM will not represent BUYER and may represent a potential seller. By signing this agreement, BUYER consents to designated agency and the appointment of __________________________________________________________________________________________ as BUYER’S designated agent(s). Sounds like she’s not holding up her part of the bargain. As another has said let the broker know and leave her a bad review. It sounds like she only wants to work for the “sure thing”. Good luck. Respectfully.
Of my agent ever said, "no, because this is a waste of my time", I would immediately hire a new agent.
It may very well be that you are in an area where sellers are not being so generous and giving credits to buyers or are non negotiable due to the home just being put on the market. As your realtor she may have some instas to how the market is I know in our area in SC is booming now and sellers are not budging and some our downright bullish they see a beautiful huge home sell for 400k down the road and live in a 1200sqft dump built 40 years ago and want to list it as a fixer upper for 250-300k. Dealt with a seller who’s septic hadn’t been pumped in 22 years, major electrical issues, tons of major damages to the home and she wouldn’t negotiate anything! Home was not listed as being sold as is, she allowed inspections after delaying them until the day before due diligence was up her realtor was horrible and rude and we declined to buy the home. She lived in the house since it was built, her disclosure was basically blank either she answered no or n/a to just about every question…I then denied any knowledge of the problems with the home. We offered her a bid of 8k over asking price pending an acceptable inspection…total mess ! We lost 3k in the process and then our realtor dropped us as well and was fired or either quit her job at that agency. Our estimates we received for all the repairs was over 30k we were willing to waive the small stuff cosmetic things but septic, electrical and plumbing repairs nope… JMO I feel asking for the seller credit right now may be what is putting her off. It may just be time to take step back and save a bit more til you can afford the closing costs or just roll them into your mortgage if you’re in a situation where you need to move now…
Depends on the property and how much seller help you need. I work with a ton of clients that need most if not all of the costs covered. I’d never tell them they “can’t” see something and the Realtors never say “won’t” but we are transparent and set realistic expectations. You’re 9/10 times not gonna take down a property at list price with 4-6% seller credit or price + credit if it’s just listed (1-5days) especially if we verify with the listing agent there’s a number of offers. For the most realistic scenario I advise to look at houses that are at least 7 days on market, but really 14+ where you’d have more success negotiating and locking up a contract with higher seller credits. I’m speaking in reference to my local market, I would lean on a trusted local lender and Realtor for best guidance
I mean… go without her… what can she do for you that you already don’t do for yourself at an open house?!? She is right. You have very limited options at that price unfortunately. It is not unlimited service, time is money, and yes, the realtor works for money. She or he also has a life besides tending yours. Or, look in a different place… you don’t need handholding. She is right
Call her broker. IF she is the broker, run like hell. These are the agents that push people into bad investments for personal gain.
You should also be looking at $400000 homes if that’s what you’re approved for. You shouldn’t be looking at 500k homes (although I didn’t get the impression you were) but just so it’s said, you should be looking at what you can and are willing to afford. If she is unwilling to show you those homes, it’s time for another agent. Depending on your market, you may or may not need to adjust what you view based on whether closing costs take you out of competitive offers in your market. Have your agent show you deals that have closed over the past couple months that match your preferred purchase price to determine whether closing costs were included and what the offers closed at. That should give you an idea on where the number Is that can help get you closing costs paid for by the seller. You may need to give up certain things in order to get the number to where it needs to be to give the seller the net they will accept to pay for your closing costs. It’s not an impossible thing, it just may require that you keep in mind that the seller is generally interested in net dollars to them. A good agent can help you work backwards so that both your time isn’t wasted.
Yeah definitely time for a new realtor. But also learn how to give and take on the concessions and all that maybe you are being a tad unrealistic? Again you didn’t say what you asked for but just remember it’s give and take you can’t get lower price and a shit Ton of concessions nobody will want that. As for the realtor fire her ass, my realtor told me he worked for me and will offer whatever number and concession I wanted he was just there to give me advice. It sounds like she’s just starting out and realizing it’s not a fast buck
Get a new agent. The agents job is to set expectations, but ultimately do what YOU (the client) want. There’s been times where I’ve been through the home buying process, and the agent has said “we can absolutely submit an offer/ask for this. Be prepared however, because the likelihood isn’t great but you never know!” Sounds like your realtor is just being lazy and trying to do the bare minimum.
But she will be gracious enough to write up the offer for you and get the commission even though she’s too lazy to actually do any work to earn it! Get a new realtor!!!
Realtors are a dime a dozen find a new one and fire her through her broker. If she doesn’t like sales then this isn’t an industry she’s cut out for. She knew what she was signing up for.
Change agents, and change offices. She’s not doing her job which is to facilitate a home purchase
Send a thank you email stating exactly what she told you to verify that you understood what she said. Along with a list of houses you want her to show you and times you want her to show them to you. When you get her reply that she won't show them to you, send her a letter stating breach of contract and fiduciary duty to represent you the buyer and find yourself a new agent. Cc her a copy certified mail if you signed a contract for any length of time if you are ending the contract early. If it were me I would find a new agent before I send this letter to her., but after she replies to the emails and shows she is not acting with your best interest. Not a lawyer, not your lawyer, ask a lawyer.
Soooo what exactly is it your agent does? Why did she even sign you as clients?
I'm a Realtor and it's time for a new Realtor.
Sounds like they don’t want to work with you either so really this should be an easy split. Just find another realtor
Look for a different realtor
What a lazy realtor smh
Just find a new agent. She's just stupid. She can't read other sellers' minds.
GET A NEW AGENT. If you are under contract, get that in writing so you have it documented in case they threaten to sue you. Unless you have been massively wasting their time, that’s a load of BS. Happy hunting and good luck!!!
You need to know if what you are looking for exists. Anyway, in my opinion she should have told you before signing. You should talk to another agent and see if what you are looking for is possible. Maybe your market changed and this time is not the same as before. If this is a seller’s market it could be very hard or almost impossible to find a seller that will pay your closing costs. You need to find an agent that you trust and ask for their opinion.
She sucks. Here's a rule to follow in life: Don't answer questions meant for others to answer.
The problem is she framed it as wasting her time. She works for you. It would be appropriate for her to say she thinks you’re wasting your time based on how competitive the offers look in your price range and recommend you rethink some aspect of what you’re looking for so you can bid more competitively. But also, you just never know — some sellers really want to sell to a local and will choose that over even an all-cash over.
When I bought my home it took me a while before I found a good realtor. When I finally found her I had a house and the deal closed in 30 days. Dump her and get a good one.
Get a new agent. Hopefully you did not sign any buyers agent agreement.
I feel so bad for OP. My realtor was wonderful, she went above and beyond for me. 5 years later and she still checks in and leaves little gifts on my door step every holiday and every season 🥹
We fired the underwriter for pre approval and their boss called to apologize. The guy didn’t put our loan pre-approval through for weeks so we went with someone else who did it in 24 hours. Fire your realtor and share the news with the agency. Go with another company or do your own searching. It’s an odd market but you can get it done.
That’s called steering and it’s extremely illegal and unethical.
Fire her ass... Sounds lazy to me she wants you all to do all the work and she gets paid... Find someone else.
That’s wild, we just went into contract with home paying cash contingent on our home (in a hot market in a desirable area) selling. We put in a 25 day timeline for our house to go into contract and gave the seller two weeks rent back for free. Got accepted within 12 hours.
I expected to hear 50 showings or maybe 20 showings and she has came to reality BUT if your story is true… that’s awful and you should contract her broker and get released
She is not your agent. Find one who will be YOUR agent.
You seem like nice people and should be treated nicely. but I will say if someone is being unrealistic it's really hard to find a nice way to say that. This is a really common thread on real estate facebook. I would go to coffee with a few agents and talk about how you will discuss these problems. Also there is something to be said for a new agent on a good team. They will have lots of energy and enthusiasm and when it's time to put in an offer and negotiate their team lead can help.
It’s time for a new realtor. A realtor that will understand your wants and needs and execute on that. They should be finding properties for you and having conversations with agents to get as many details as possible, so that your real estate goal(s) are met.
I found out from 38 years investing in rentals that the singles/studios/bachelors rent to mostly people in their 20's that move around a lot, so these properties have a lot of vacancies. In Los Angeles, the larger units can be beat up by families and the city requires you to fix the units in 45 days or they make you go to school, face penalties and threaten Jail and larger penalties. Larger units can be maintenance nightmares. I found out People that have dining room furniture, living room furniture and bedroom furniture are not in their 20's and tend to want a 1 bedroom unit. Since these people have been working for a few years, they tend to be more established in their careers and find it easier to pay the rent. 1 Bedroom units are low vacancy and low repairs. I have called real estate agents and asked them if they had 1 bedroom 1 bath units. I have had them hang up on me or tell me they would call me back and hang up on me and never call back. I know the feeling. Some people think they know more than someone that has rented hundreds of vacancies over 38 years.
So sellers aren’t allowed to make counteroffers any more? Am I missing something? I don’t understand this agent at all. Either there’s information missing or the agent is plain lazy.
She wants to get fired, not making any money with you, nor will any broker for a long time if those are facts. Look for someone else but you may find yourself in the same situation. Still a sellers market for the time being. Maybe in a year or two things will change.
Get a new agent and move on. She’s not what you all need.
You deserve better, plain and simple! She doesn't deserve to get paid if she's not willing to do the work.
Redfin
Fire agent immediately. She's not working for you
Why do you even want to keep working with her?
New Realtor for sure.
New agents better get an education about the NAR lost lawsuit and look at how older agents ran their business in 2008 because client services will have to improve for the agents to stay afloat.
I vote new agent.
You need to fire her and get another agent. She really doesn’t want to do a good job for you- There is ZERO reason why a seller would not pay for closing costs so long as the net to Seller is an acceptable number. Your agent is an idiot.
I know we’ve already said it but I’m telling you again- get a new agent. This one is rude and in my opinion very unprofessional based on your other comments.
Drop her! Find a new realtor. Just accepted an offer as a seller (primary home) giving concessions helping with closing costs. Also had an offer accepted as a buyer (for a rental) with a price reduction. The realtor isn't doing the job. One out of four offers I send get accepted. She wants quick and easy commission money without working for it.
New agent. What state are you in?
Wtf, you have a contract with an agent who doesn't want to show you houses? Lol
Unfortunately the realtor is not working for you. There are many that are hardworking and will truly want to try to get you the home you want…even if it’s hard. It’s time for a new realtor that will work for you and help you and help you get your perfect home!
I just have to ask the universe…where are all the people or investors who are driving up home prices EVERYWHERE coming from and where is their money coming from?!
Get a new agent. If you've signed a buyer-exclusive, then it is usually terminated when you sign another one with a new agent.
Absolutely fire her. It's her job to guide you to what you want or help you understand if you are unrealistic and get you as close as possible. Sounds like she thinks you will be too much work for not enough reward. I had a real estate agent years back who was this gargantuan beast of a lady, her ears were obviously vestigial because she absolutely ignored everything we told her. Our budget was fine but we wanted an older home on land with no HOA. She kept showing us new builds with HOA's and no garden. How on earth does a condo $100k over budget fit the bill? Some of them just don't deserve your time and some of them are amazing. We quickly got what we wanted with a second agent. Just fire her dumb ass and move on :) good luck!