Are estate agents allowed to tell you other offers?
Are estate agents allowed to tell you other offers?
You can ask exactly how much others have offered, but agents will usually tell you they’re not allowed to say. In reality, they can tell you this but would need to get permission from the seller and tell everybody who has made an offer the same information.
Can a real estate agent lie about offers?
In conclusion, yes, real estate agents can lie about offers. However, it is more likely they are using vague “sales speak” or being upfront about a specific proposal. It is up to you to discover which, retain control over your purchasing and to act in your own best interests.
How do I tell my Realtor goodbye?
For these reasons, the best way to go about canceling a contract with a Realtor is to simply call the broker and explain your desire to end the contract with their agent. Many reputable brokers who wish to stay in your good graces (and with the community’s) will let you out of the contract.
Is it OK to change realtors?
It is possible to change real estate agents and it’s better to do it sooner rather than later to avoid wasting your time and theirs. Though it is completely possible to change agents, sometimes we aren’t even certain if the situation has reached that point.
Can I fire my realtor as a seller?
A: Yes, you can terminate the contract with your realtor. The terms by which the termination can be made should be spelled out in the contract. Most listing agreements however provide for the payment of commission if the seller terminates the agreement early or otherwise blocks or prohibits the sale of the property.
How do I stop getting outbid in my house?
If you have been outbid several times, take the following steps to break the cycle:
- Stop making lowball offers. You have good taste, right?
- Rethink what your “market” is and rely on your Realtor’s local market knowledge. Real estate markets are super local.
- Reevaluate your house hunting strategy.
- Redefine success.
What if a seller won’t budge?
5 Tips to Close the Deal with A Stubborn Seller
- Discover What the Seller Wants. The first thing to do as the buyer’s agent is to discover what it is that the sellers want.
- Be Willing to Waive Contingencies.
- Come to The Table Prepared.
- Offer the Seller a Rent-Back.
- Get Creative Connections and Expertise.
Can a seller decline a full price offer?
Enforcing Property Sales Sometimes, one party to a purchase agreement will sue the other party to force specific performance. However, in California and most every other state property sellers can refuse even ‘clean’ full-price offers devoid of any buyer contingencies.
Why would a seller not counter offer?
Home sellers sometimes issue counteroffers at full price, even in a buyer’s market. They may do this if they are irrational, they expect the buyers to counter back, they have a change of heart, the home wasn’t on the market long enough, or they get bad advice from their agent.
Estate Agents can’t legally tell you how much the other offers were for, but they will usually indicate if they were close to the asking price, which can help to inform your own decision.”
Can I change my mind after making an offer on a house?
Can you back out of an accepted offer? The short answer: yes. When you sign a purchase agreement for real estate, you’re legally bound to the contract terms, and you’ll give the seller an upfront deposit called earnest money.
Do sellers always pick the highest offer?
When it comes to buying a house, the highest offer always gets the house — right? Surprise! The answer is often “no.” Conventional wisdom might suggest that during negotiations, especially in a multiple-offer situation, the buyer who throws the most money at the seller will snag the house.
How long can a seller sit on an offer?
In theory, sellers can take as long as they want before responding to an offer, but most listing agents get back to buyers within a few days. For the most part, 24 to 48 hours seems to be the standard observed by most sellers and their agents, but there are some exceptions.
Who are the move companies and what do they do?
Move Inc. provides unsurpassed real estate information, tools and professional expertise across a family of websites and mobile experiences for consumers and real estate professionals through all stages of the home journey. The Move network includes: realtor.com ®, Doorsteps ®, Moving.com ™ and SeniorHousingNet ℠.
What does Move.com do for real estate?
Move Inc. provides unsurpassed real estate information, tools and professional expertise across a family of websites and mobile experiences for consumers and real estate professionals through all stages of the home journey.
Can a real estate agent tell you what to do?
Try the following: When the buyer makes an offer and asks the agent you hired what you should counteroffer, they cannot answer. Remember, they don’t represent you anymore. They can’t by law give you any advice.
Can a real estate agent pick you up after showing a house?
If you expect your agent to pick you up at your front door and drive you home after showing homes, tell them. Many will provide that service. If not, they may ask you to meet at the office. Let your agent know how you would prefer them to communicate with you and how often.