When you put a bid on a house?

I would try to see if there is an agent in the area who would represent you as a Buyer's Agent. In my area, and many others, this costs you nothing, as the Buyer's Agent is compensated by a portion of the commission that the seller has already agreed to pay at closing.

The agent you spoke with appears to be either ignorant of the law (assuming that the law in your state is similar to mine), or just doesn't care. They are likely to be a little less flip when dealing with another agent.

Your offer might indeed be a little low - it is hard to tell from the information provided. The sellers have owned this house for seven years, and probably invested several thousand dollars in heating and air conditioning. Your offer is essentially asking them to "give the house away" at no profit whatsoever. Keep in mind that the seller will likely be paying sales commission of aroun 6% at closing, and as much as $1000 in additional closing costs. To sell to you at your offer price, they are likely to lose money.

If you owned a house for 7 years, would you expect to lose money on it? (assuming you didn't let it fall apart).

The real estate agent shouldn't have done that. However, it is not illegal. it is rude and somewhat unethical. A verbal offer means nothing in real estate. There is no such legal thing as a verbal offer in real estate. Unlike most other transactions, where verbal offers can be considered valid and legal, in almost all places in the USA verbal offers have no legal standing. Everything must be in writing.

Now, the thing I would ask myself, you seem to think that the house could not be anything close to $72,000. You offered $45,000 and he laughed and hung up. That should tell you something. If your offer is so outrageous, that a person who only gets paid if the house sells, doesn't even want to talk to you after offering that, means you aren't worth talking to.

Maybe the house is worth much more than you think. Or, maybe the seller owes $60,000 on the house and an offer of $45,000 can't even be contemplated. Maybe that is why the house hasn't sold in over a year. Right now, there are lots of houses that have loans on them that are for much more than the value of the homes.

If you do want to try, make a written offer. Then the real estate agent must bring it to the seller. But first, I would do more homework. How much does the sellers owe, you said two mortgages? Hmm.

It is really of no consequence what someone paid for a property. They have some basis for setting the price, and that is what they did.

Your "offer" isn't an offer until you put it in writing, so there is no discrimination. The Realtor was rude, but noting illegal has occurred here. They obviously thought this was a waste of time and were not interested in your business.

It would appear that the seller is not motivated to sell the property. If they are building a very expensive home and have an overpriced home on the market, they may not need a quick sale. Perhaps they are waiting for someone to come to their price or they feel eventually it will sell for their price.

Your offer was 62.5% of the asking price. That is laughable in most US markets. If you do put your offer in writing, most likely you will insult the seller and they will not consider any of your offers unless they are full price.

I'd have done the same thing. Your offer is an insult and not worthy of consideration. I would have treated it as a joke and responded in the exact same manner.

Where do you get the idea that laughing at jokes is illegal?? Not in the USA, my dear!

Now, if you had gone into the office and tendered a WRITTEN offer and accompanied it with a check for an earnest money deposit the Realtor would have been legally obligated to present it to the seller. That said, the seller would be under absolutely no obligation to even respond to it, even to say "No!" It would automatically expire according to the time-line in the offer. (And frankly, if I were the seller, I'd tell the Realtor to not bring any further offers from you that were a dime less than full price.)

Answer #1 is right. Make your offer on a standard real estate offer form and the agent has to present it to the seller. Of course, he can laugh at it in front of the seller and make them feel like idiots for considering it. Real estate agents suck.

Bad manors, that agent doesn't need the business. Put a letter in writing if they won't help you complete an offer stating that you want to make the offer you stated subject to a formal written offer and they will be obligated by law to present it.

Best of luck to you

If you gave them an offer (in writing) she (as the selling agent) is required to show them the offer. If she doesn't she can lose her realtors license. But I don't think that extends to verbal offers, just written ones.

If she's your agent, fire her and get someone willing to work with you.

i'm uncertain why you the two have a attorney to boot as an agent; looks like overkill to me. This has got here approximately to to us too. it quite is the reason you have actual sources brokers. events for the different area might huff and puff on the possibility of dropping their value, yet you have executed each and every thing appropriate. it is your and their brokers which will might desire to soak up the strain. do not spend each time stressful approximately it. it quite is the reason you pay to have representation. if your agent screwed up then they are going to might desire to soak up the cost. Edit: specific, we live in Virginia the place you will possibly be able to desire to have a attorney to end the sale - finished ripoff. "Ours" did not get all the mandatory signatures to launch the deed to us. If we had not found out on a habitual financial business enterprise line-of-credit utility we ought to have been screwed royally years later by utilising not with the flexibility to sell the abode.

I like to offer $500 on neverland with no water in California its a great price

the realtor has to present all and any offers to the seler by law.

No ands or ifs about it.