Views From The Mountains: Are You REALLY Helping Your Client Here?

Are You REALLY Helping Your Client Here?

We have an accepted offer and now you want to see if you can get different terms for your buyer?  Really??  This is what happened a few days ago - you tell me what you think:


271 Truett Camp Road


A Buyer’s Agent brought an offer on one of our foreclosure listings .  After negotiating with the seller we came to terms and I sent the required addenda over to the Buyer’s Agent for his client’s signature.  When he returned the package to me he had changed several key elements of the contract (amount of earnest money deposit, closing date, etc).  He also sent a note which said “I’m sure there won’t be any problems with the changes, right?”





WRONG!!!  The parties agreed to specific terms and, if you want to change those terms, then we have to start over again.  Which means I change the status of the listing back to
ACTIVE and, while you’re trying to “help” your buyer, she may lose the house altogether.  That’s certainly ok with me but you might want to check with your client.  Needless to say it didn’t take him long to remove his changes and resubmit documents with the terms that271 Truett Camp Road had been agreed upon.



One has to wonder how he explained that to his client!


Stay warm!

Cyndi







Comment balloon 7 commentsBill & Cyndi Daves • January 24 2013 07:49AM

Comments

Yikes that does sound a bit crazy but I have seen the same here.

Posted by Elite Home Sales Team, A Tenacious and Skilled Real Estate Team (Elite Home Sales Team OC) over 6 years ago

Don't assume it was the agents idea...sometimes buyers change their mind against my advice and make decisions that are not in their own best interest. 

It's legal, so I present the changes.

So now you have a counter offer...

 

Eve in Orlando

Posted by Eve Alexander, Exclusively Representing ONLY Orlando Home Buyers (Buyers Broker of Florida ) over 6 years ago

Niver a good sign aobut a serious buyer!  You are correct, you do not sign the contract as previously agreed upon, you start over as if you never submitted an offer!!

Posted by Dan Hopper, Denver Realtor / Author / Advocate/Short Sale (Keller Williams Realty Downtown LLC) over 6 years ago

Cyndi, what an interesting blog.  We have never run into that problem.  I am surprised that a Buyer's Agent would do that.  What was he thinkng?

Posted by Pat & Steve Pribisko (Keller Williams Greater Cleveland West) over 6 years ago

Great article. You have to look out for your clients. Have a wonderful 2013

Posted by Randy Bocook, Selling Coastal Georgia (Keller Williams Coastal Area Partners) over 6 years ago

Mark/Tim - We see the craziest stuff sometimes!

Eve - Yes, it's a "counter-offer" but I don't think the buyer understood that she could potentially lose the house while going back to the drawing board!  

Dan - The funny thing is the items that were changed didn't really "help" her any!!

Posted by Bill & Cyndi Daves, TeamDAVES - Your REALTORS In the GA/NC Mountains! (Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond!) over 6 years ago

Pat and Steve - Honestly, I don't think he WAS thinking!!

Randy - Absolutely!!  I was certainly looking out for mine.  You have a great year too!

Posted by Bill & Cyndi Daves, TeamDAVES - Your REALTORS In the GA/NC Mountains! (Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond!) over 6 years ago

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