From: "LFR" 
Newsgroups: misc.invest.real-estate alt.invest.real-estate alt.real-estate-agents
Subject: Re: Is there anything wrong with this transaction?
Date: Tue, 16 Sep 2003 17:48:47 -0400

Bubba is right about the open house comment.  They serve to make the
homeowner happy and they get the listing agent buyer leads.

In my market, it's not the agent who sets the listing price, it's the owner.
I agree with anyone who stated that presenting an offer for $700K would have
been a waste of time (since the seller decided to up the asking price to
$830K).



"Bubba"  wrote in message
news:BQC9b.141023$0v4.10395725@bgtnsc04-news.ops.worldnet.att.net...
>
> "Cuse"  wrote in message
> news:3F667401.8010006@hotmail.com...
> > OK let me restate one thing here to clear up some misunderstanding.  I
> > did call up the agent to make a second offer of 700K and he told me it
> > will be a waste of time to do so since they have raised the price to
> > 830K and pulled the property off the MLS.  He already knew the new price
> > then which means he already has the listing then at that moment.  I hate
> > to speculate but I have to wonder if the new price of 830K was suggested
> > to the owner by my agent prior.  This may have been how he got the
> > listing - to indicate that his own agent lives too far, and has no offer
> > to date, and he can bring in an offer of 650K easy, but he can do much
> > better if he sells it right by hiring him.  I cannot stop wondering if
> > he really presented my offer in the best light, or whether he was
> > selling his services during the presentation.
> >
>
> "HE"?
>
> > Which brings back another thing I noticed, and it should have been a
> > clue but I did not think things through.  When I visited the open house
> > the first time where I met the agent, I immediately told the agent that
> > house was not what I was looking for, and he told me right then right
> > there that "yes I agree this place is a dump,  it needs to be completely
> > gutted, she will probably end up letting it go for $$$ blah blah blah"
> > and talked negative of a property under his own listing, as soon as the
> > owner walked over to us he changed tune and started saying "This is such
> > a great street and the layout is just perfect with a new coat of
paint..."
> >
>
> "HE"?
>
> > But I was impressed with his knowledge of the neighborhood and decided
> > to use him.  May be I was being paranoid to even think that something
> > unprofessional went on.  Just did not seem right when he calls me every
> > other day telling me who is selling what and who is moving in/out and
> > neglected to tell me she became the listing agent of the property I made
> > an offer to.
>
> "SHE"?
>
> >
> > Cuse
> >
>
> Here we go again.  I can't help wondering about the accuracy of the post
> when you seem to be unable to be consistent about the gender of the agent.
> However, you should have realized that the agent was a scumbag when they
> started talking trash about the house where you met them.  Just the fact
> that the agent sold the seller on allowing an open house tells you that
this
> agent is not as honest as he should be.  RE agents do not hold an open
house
> to sell your house.  You just provide a cheap platform for them to meet
> potential buyers so that the agent can sell them a different house.
>
>