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07.02.20, 11:00 AM General Topics
17 replies
What kind of guidance should a RE broker give you how much to offer when making a bid. Ours is reluctant to give a numerical suggestion. Is there a way to phrase the question so she’ll feel comfortable knowing that we won’t hold her responsible no matter the outcome since decision is ultimately ours? The [ Reply | Watch | Flag ]
General Topics 07.02.20, 11:00 AM Flag
 

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You should find a new broker. She should absolutely be suggesting pricing and explaining why she is making the recommendation that she is. If you are exclusive to the agency already and can’t get out of it, I would talk to the head and asked to be reassigned to a new broker. [ Reply | More
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General Topics 07.02.20, 11:06 AM Flag
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Missed that you are the buyer but the same applies. We got into a bidding war on a house - initially lowballed but our brokers relationship with the selling broker is what got us into round two anyway and then her advice on quirky offer got us the house. This is literally her job, as poster below says. Ask agency head for new agent or that he/she partner with the agent to advise you. [ Reply | More
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General Topics 07.02.20, 11:22 AM Flag
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Realtor should have a relevant bid suggestion for you, based on knowledge of the market, the property, and comps, as well as intel on the seller (readiness to sell, length of time on the market, etc). Some realtors are very gun-shy about bid suggestions because they would LOVE you to make a higher bid than they might suggest, but also want to make the sale. [ Reply | More
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General Topics 07.02.20, 11:12 AM Flag
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Not true at all. Your broker wants you to get the best possible deal. [ Reply | More
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General Topics 07.02.20, 11:29 AM Flag
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your broker wants to earn money and get referrals to earn more money. that means create sales at the highest possible price. [ Reply | More
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General Topics 07.02.20, 12:39 PM Flag
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this is literally her job. Real estate is such a joke, its stupidly easy to make decent money. If she can't figure this out she needs a new job and you need a new broker [ Reply | More
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General Topics 07.02.20, 11:17 AM Flag
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This +100, every time someone uses the expression Real Estate Professional it makes me smile. [ Reply | More
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General Topics 07.02.20, 12:17 PM Flag
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RE Broker here. It is her job. She should advise you based on the comps and value of property. Obviously how badly you want the property is also a factor, and if there are multiple bids etc. is relevant. Also if you are paying cash vs. financing, and how qualified you are as a buyer are also all bargaining tools. And to the PP, being a RE Broker is not an easy job if you are doing it properly. [ Reply | More
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General Topics 07.02.20, 11:28 AM Flag
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Question for you: Since you're compensated as a % of the selling price, isn't it in your interest to get the buyer to pay as high a price as possible? [ Reply | More
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General Topics 07.02.20, 02:54 PM Flag
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I am a agent as well, I work in the best interest of my client - though I am sure there are those out there who don't. [ Reply | More
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General Topics 07.02.20, 05:54 PM Flag
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Brokers are generally useless but get another opinion [ Reply | More
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General Topics 07.02.20, 11:37 AM Flag
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Get another broker: she's supposed to know the value of the property and she's also supposed to be advising you. [ Reply | More
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General Topics 07.02.20, 12:01 PM Flag
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This [ Reply | More
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General Topics 07.02.20, 12:14 PM Flag
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+2 her reluctance to talk to you tells me she doesn't know her business very well. [ Reply | More
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General Topics 07.02.20, 12:50 PM Flag
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I always wanted to make really lowball bids and broker wouldn't allow it as utterly pointless. When house came up she knew it was reasonable price range and guided us in the offer price. [ Reply | More
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General Topics 07.02.20, 01:14 PM Flag
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OP| just directly asked for guidance on what to offer and she said she’d pul comps for me. Not helpful. [ Reply | More
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General Topics 07.02.20, 02:18 PM Flag
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Ugh. She sounds so lazy and unaware. [ Reply | More
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General Topics 07.02.20, 02:37 PM Flag
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