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Answers (8)
- Nile Morin, "CapeCod Z.i.l.l.o.w"
- Contributions:991
If you feel as though the offer is not being submitted because of the agent, our state allows the buyer to demand to be present during an offer. If it is the same in your state, you could pursue that route. The issue becomes when offers are submitted only through email or bank forms. In this case, it sounds as though they are speaking with a person and the offer should be able to be submitted. If it is the asset manager, they have control over their asset and the right to make any rules they so choose. A property cannot typically be re-appraised for 90 days.
- CrystalsSecondHome
- Contributions:88
When I've been presented with the "we cannot submit an offer" thing, I simply contacted the listing agent or the asset manager. When the buyer's rep and the seller's rep refuses to work with you, you're free to contact the seller directly. Might take some research and dilligence to find the seller, though.
- John Dietel, "MN Broker"
- Contributions:82
Banks routinely ask for BPOs-Broker Price Opinions to help determine proper pricing. These may be drive-by, or full appraisals, and occur often enough to be accurate estimates on property value. But you should still be able to offer whatever you wish for the property.
I am not sure what a Negotiator is, if that is a Delaware specific agent..
However, it may be time to hire a Realtor, an agent that will work on your behalf, and only your behalf. They will know where to submit offers on properties in your area.
Good Luck
I am not sure what a Negotiator is, if that is a Delaware specific agent..
However, it may be time to hire a Realtor, an agent that will work on your behalf, and only your behalf. They will know where to submit offers on properties in your area.
Good Luck
- Craig Fialkowski GRI ,CDPE, "craigfial"
- Contributions:571
Something is definitely fishy. First off, forget about the Zestimate. Nobody uses that to determine value. Check yo see if you can make the offer on line.
- Cindy Quinton, "Cindy Quinton"
- Contributions:1322
I was just reading something about AVM and or "drive by" appraisals being illegal. Is that true? It sounds like what has been done heere.
- dwalker606
- Contributions:2
Thank you for your suggestions. We're told that Fannie Mae is making the ddecisions, owns the property. I don't know how to contact FM about why it won't even look at offers under the property's listed price.
I thought that we'd have to have professional inspections in order to support a lower appraisal amount than a 'comp' appraisal. I can see major things that need to be done but I wouldn't expect FM to take my word for that. A 'comp' appraisal is a basic one based on other sold property in the area. It doesn't really take the specific into account very well unless you're talking about extremes like gross obvious damage -- not the situation here.
Thanks.
I thought that we'd have to have professional inspections in order to support a lower appraisal amount than a 'comp' appraisal. I can see major things that need to be done but I wouldn't expect FM to take my word for that. A 'comp' appraisal is a basic one based on other sold property in the area. It doesn't really take the specific into account very well unless you're talking about extremes like gross obvious damage -- not the situation here.
Thanks.
- Martin Carey, "Marty Carey"
- Contributions:4
Without knowing the specific property I would recommend one of two things:
A. You attempt to contact the owner directly to get a straight answer.
(An agent can not contact the seller if there is a contract in place for the listing, however, there is nothing preventing the buyer from contacting the seller).
B. You contact an agent in your area who handles short sales/ foreclosures who would be willing to work as your buyer's agent. There is no cost to you the buyer for buyer representation. It is paid by the seller of the property.
Something here doesn't sound right. This comment that "professional inspections would have to be done" in addition to your appraisal is wrong. The appraisal shouldn't cost you much more than $350 and there would be no other inspections necessary. I'm not sure that this would serve you any great purpose as a good buyer's agent should be able to see the property with you and then give you a professional opinion as to what it is worth based on recent sales in the area.
This wouldn't cost you anything.
Good luck!
A. You attempt to contact the owner directly to get a straight answer.
(An agent can not contact the seller if there is a contract in place for the listing, however, there is nothing preventing the buyer from contacting the seller).
B. You contact an agent in your area who handles short sales/ foreclosures who would be willing to work as your buyer's agent. There is no cost to you the buyer for buyer representation. It is paid by the seller of the property.
Something here doesn't sound right. This comment that "professional inspections would have to be done" in addition to your appraisal is wrong. The appraisal shouldn't cost you much more than $350 and there would be no other inspections necessary. I'm not sure that this would serve you any great purpose as a good buyer's agent should be able to see the property with you and then give you a professional opinion as to what it is worth based on recent sales in the area.
This wouldn't cost you anything.
Good luck!
Fannie Mae owned home -- Negotiator says FM says not to present offers under $100K.
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