News You Can Use - Thursday
Real Estate News
And Advice


November 26, 2009
Find an Agent

Find a Home

Find an Apartment

Find a Mortgage

AGENT NEWS
INTERACTIVE
Response To: Should Buyers' Brokers Present Offers Directly to Sellers? (Cecil G. Daniels - 09/13/2000)

We don't even SEE the Seller---or their Agent!
Posted By: Creative - 09/13/2000 11:51 AM

Here in Northern New Jersey, many of the listings specifically state that "All offers to
be presented to LSP via fax..." If the Seller wasn't home during the showing (which is
generally the case), we don't see the Seller sometimes until the Closing. And that's only maybe. While most agents (at least those that have been in the business a long time) are aware of the "right" to present the offer to the Seller in person, sending the Contract to the Listing Agent by fax or by dropping it off at the office seems to be the accepted way.

However, there are reasons for this:
--The market in this area has been very hot for the past year-plus. Taking time out to set up "appointments" to present your offer has become a problem---especially if you have multiple offers. Many agents call both Sellers at work to tell them what they have. They don't want to come home to negotiate at 9 o'clock at night.
---Multiple offers have made the Listing Agents almost like actioneers, going back and forth with Buyer's agents with counter-offers. While you're waiting for your appointment to present your offer to the Seller, the Seller could take another offer.
---If you should be fortunate to have several listing, with offers on some or all.....well, you get the picture.
---Modern Technology has allowed for this, and human nature, being what it is, forces us to take the easy route. And, because of Modern Technology, there are MORE changes in this business to come. The days of "schmooze and sign" are over.
---Busy Sellers, who say to the Listing Agent, "Which contract has the highest price? That's the one I'll take. I'm being relocated within 30 days..." or "I'm going to Closing on my new house in two weeks..." etc.

I have seen Brokers and Salesperson who are old timers in the business taken aback by the lack of interest of new people to present the offers directly to the Seller (among other amenities of the business), but it is a new business now. More changes to come...!


Responses to this Post

What a Bleak Picture
Posted by: Learn More - 09/14/2000 07:34 AM

Client waiting in Car?
Posted by: Creative - 09/14/2000 02:39 PM

confidentiality at risk?
Posted by: MBD - 09/16/2000 05:00 PM

RE: Confidentiality Risk
Posted by: Creative - 09/18/2000 10:31 PM

the real world
Posted by: MBD - 09/22/2000 08:18 AM


Back to Previous Post Printer Friendly Version | E-mail This Article to a Friend


Copyright © 2009 Realty Times. All Rights Reserved.

Terms and Conditions | Privacy Policy | FAQ | Home


Powered By







Front Page Agent News Commercial News Interactive









Site Of The Day Movers and Shakers Companies Agent Advice Agent Concerns Seminars Product Announcements






Back Issues Full Text Search Contact Us Subscribe


  Site Map

  Newsletter Sign-up
  Subscriber Login

  
Put Realty Times Content On YOUR Web Site!