Buying and selling Real Estate in Pinellas county, being a Realtor, listing agent or selling agent
A Realtor calls me to give me a heads up, he had just shown one of my listings and his buyer might make an offer on it next week. I thanked him and told him that I am expecting another offer first thing tomorrow and maybe one tonight. So, if his buyer wants the property, make the offer NOW and put your best foot down (seller gave me permission to say this, he was not in a negotiating mood)
The Realtor thanked me and said he will see what he can do. Around 10 pm that night I had another call from him, he had met his buyer at 6 pm in a local bar for a few drinks and they are NOW ready to write up the offer. I said fine, will be looking for it in the morning. It never made his way to my office. So I called and asked him where it is, he forgot to fax it but would do so ASAP. I never go it. So I called him again, his fax machine was not working. I asked him to e mail it. I never got it. So I called again. He was trying to figure out how this "E mail thing" works. SO, I said, why don't you just drop it of at my office, after all it is a 10 minute drive for you. Long story short, I did not get his offer till the next day. By than my seller had already decided to take one of the other two offers, everything was signed and submitted back to the buyer.
So, how do you answer your seller's question?
"Didn't you say we would receive a third offer"
Sorry Mr. Seller, the buyer's agent is not just plain stupid but he also likes alcohol better than a commission.
OR
The Realtor had problems with his computer and they could not get it to us in time.
How do you deal with this?
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I liked the first answer but would have given the second. By the dway, which did you give?
Sounds like its the buyers agents problem, you did everything you could to get the offer to the seller.
Anne~ That buyer's agent did not do his job for his client. If he had a written offer it was his job to get it to you immediately, period. He certainly did not put his client's interest first!
I like the first answer and would have given the first answer. After all, you have a fiduciary responsibility to your client to be honest. lol
I like the alkyhaul answer. Tell it like it be.
Tell the truth, but leave out the other agents name. Explain it would be unethical to say whom the other agent was because even if it may be true, it could be construed as bad mouthing them, which we all know is wrong.
A client and a bar and a couple of drinks resulting in something that could become a legally binding contract should your client have seen it and accepted it just shocks me. Maybe it is a good thing the agent never got the offer to you.
I would explain to my client that the other agent was simply incompetent of submitting an offer as they promised. Then ask my client if they really want to deal with such an individual.