Most agents have never done an original real estate transaction with a sponsor, so they are not often receptive to unusual tenders. Most agents associate a “nothing down” offer with a buyer who is not solemn.
Offer a Reasonable Earnest Money. You cannot present a propose with a $50 serious money and wait for an agent to take you seriously. You have to pay at least $500 as earnest money to get their interest. If you are presenting a firm cash offer, you should put up more money. If you are disquieted with losing your earnest money, believe using a promissory note.
Offer a Short Closing Date. You should offer a fast closing to an agent to make him to take you seriously. If the agent has another proposes presented to him, he will usually inform his client to take the offer with a larger earnest money and faster close than an offer which is upper in value. Nothing makes an agent so interest in than the thought of a commission check in ten days.
Insist on Presenting Creative Offers in Person. If you present an innovative offer to an agent, it will not be represented to the owner in the same eager fashion. Agents do not like innovative offers - they like conservative offers from solid buyers. If you want the possessor to hear all of the great benefits of your offer, persist on presenting the offer in person.
Appeal to the Agent’s Greed Factor. Real estate agents are making money, just like anyone else in any other business. If you can propose the agent an encouragement to make money out of the transaction, you will get his support. If you present an offer which does not consent adequate cash to come out of the deal to pay the agent, why would he cooperate with you? If you present a rent offer on a listed property, how will the agent receive a commission? You need to find a way for the agent to get paid, even if you pay him your own money.
Do Your Own Comps. Sometimes you will get the repeal of an awkward agent - an overzealous agent. Be doubtful of an agent who tells you what a deal you are getting on a property. Don’t take his word as to the value; ask for a printout of comparable sales. Be conscious that information contained in the MLS computer was entered by the listing broker and may be overstated. If a similar sale shows the same square footage as the house you are looking at, take a drive by and see if it is correct. Do your own appraisal of value.
Fax Preliminary Offers First. Don’t waste your time filling out a deal offer until you have preface approval. Most agents are not this official and will take any offer in writing to the retailer. Simply sum up your offer in writing and fax it to the listing agent. When you have an oral approval, take then time to fill out a contract and an earnest money check. Never put up solemn money until the offer is accepted.
Don't be Bullied by Uncooperative Agents. Some agents are immoral and will reject to present your offer. Many times the agent will tell you that your offer was rejected when, in fact, it was never presented. If you cannot skill an agent, don’t be afraid to stand up to him. If the listing broker is unhelpful, deal directly with the seller.
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